Jeremy Grantham on Charlie Rose

Charlie Rose interviews Jeremy Grantham, chief investment strategist at GMO. Some of the topics covered include corporatism, valuations, climate change, and China.

Preview:
Rose: “So there’s a disconnect between the market and economic growth?”

Grantham: “Yes there is. And there always has been. There is no easy correlation between the economy doing well and the stock…you might think there is when you read the newspaper or listen to the news, but there isn’t.”

Rose: “But then — I know people make a lot of money by looking hard at macroeconomics.”

Grantham: “Well, good luck to them, it’s very difficult.”