ClaimsJeremy Grantham

“Most if not all banks that prop trade now gather information from their institutional clients and exploit it.”

Jeremy Grantham, GMO quarterly letter author October 2009 Jeremy Grantham GMO letter 3Q 2009: Just Desserts and Markets Being Silly Again (Scribd)

This quote could not be matched word for word to the source page.

Factual Economics and markets

Most if not all banks that engage in proprietary trading now gather information from their institutional clients and exploit it.

Unresolvable The public record could not settle it.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

Banks' internal use of client information is not publicly documented and the claim is vague about "most if not all".

Cite this claim

Jeremy Grantham, “Most if not all banks that engage in proprietary trading now gather information from their institutional clients and exploit it.” (said October 2009). Verdict: unresolvable. Reliability API, claim c_0fdc4b3b724e, method 0.1.0+28da144b, dataset release v1.1.2. https://epistacklabs.com/claims/c_0fdc4b3b724e

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Jeremy Grantham, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Jeremy Grantham

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  4. Mostly true Factual 5 July 2023
    “Now we have, since ChatGPT and October and November last year, we have a new little flurry of interest that is very concentrated.”

    Since ChatGPT and October-November 2022, there has been a new little flurry of market interest in AI that is very concentrated.

  5. Mixed Factual January 2023
    “in 1974 the market did turn up, after a horrific 62% real decline in two years, exactly”

    In 1974 the US market turned up, after a 62% real decline over two years, exactly as the first Fed rate cut took place.

All of them

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