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: ā€œSo thereā€™s a disconnect between the market and economic growth?ā€

Grantham: ā€œYes there is. And there always has been. There is no easy correlation between the economy doing well and the stockā€¦you might think there is when you read the newspaper or listen to the news, but there isnā€™t.ā€

Rose: ā€œBut then ā€” I know people make a lot of money by looking hard at macroeconomics.ā€

Grantham: ā€œWell, good luck to them, itā€™s very difficult.ā€

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