Quote:
Originally Posted by Boomer
For those of you following this thread and especially if you know who know who Jeremy Grantham is, you might want to take a look at the most recent episode of PBS Wealthtrack and hear him interviewed by Consuelo Mack. ( You can find it at wealthtrack.com)
Grantham is now 86, coherent as ever, with decade upon decade of market experience. Grantham has been right throughout, although sometimes having been called a Cassandra.
Boomer
PS:
JFTR:
(For those who do not remember, Cassandra was the woman in Greek mythology who got tangled up with Apollo and got the gift of prophecy. In mythology once a gift was bestowed, it could not be taken back, so in the stories, the gift is turned into a curse.
Cassandra’s gift of being able to predict the future was then cursed by Apollo who made it so nobody would believe her.
In the story of the Trojan War, Cassandra’s cursed gift doomed her to go running around inside the walls of Troy shouting her warning, “Do NOT bring that wooden horse inside our gates! Beware of Greeks bearing gifts!”)
Considering the Mag 7 and AI and all that entails, maybe we should beware of geeks bearing gifts.
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I subscribe to her weekly podcasts but haven't listened to that one yet.
On another note, billionaire hedge fund manager Paul Tudor Jones predicted this week that AI could wipe out 50% of humanity. Hopefully this will happen AFTER I die at a normal age of natural causes
