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Jeremy Grantham’s Followers (3)
Jeremy Grantham
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The Making of a Permabear: The Perils of Long-term Investing in a Short-term World
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The Making of a Permabear: The Perils of Long-term Investing in a Short-Term World
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* Note: these are all the books on Goodreads for this author. To add more, click here.
“The fall of moral civilization has always been brought about by those who were "just doing their jobs".”
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“Capitalism has this strange ability to kind of paralyse the altruistic part of humans. So at the weekends, they're altruistic, they love their grandchildren. Then during the week they take on the character of the corporation whose only job description, says Milton Friedman, is to maximize short term profits. If a human being does nothing except maximize their self interest, they're a sociopath. That's how it's defined. So during the week you behave like a sociopath and as if you have no grandchildren-or as if you hate the ones you have. And then at the weekend you become a loving grandfather again. That is apparently what capitalism does to us, based on the evidence.”
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