Charlie Rose interviews Jeremy Grantham, chief investment strategist at GMO. Some of the topics covered include corporatism, valuations, climate change, and China.
Preview:
Rose: âSo thereâs a disconnect between the market and economic growth?â
Grantham: âYes there is. And there always has been. There is no easy correlation between the economy doing well and the stockâŚyou might think there is when you read the newspaper or listen to the news, but there isnât.â
Rose: âBut then â I know people make a lot of money by looking hard at macroeconomics.â
Grantham: âWell, good luck to them, itâs very difficult.â