ClaimsJeremy Grantham

“Certainly only mavericks spoke against them.”

Jeremy Grantham, GMO letter author 2016 3Q 2016 GMO Quarterly Letter: Not With A Bang But A Whimper (GMO via WealthTrack)

Factual Economics and markets

Only mavericks spoke against the recent great bubbles; the economic and financial establishments backed them.

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

Who counts as a maverick versus the establishment is vague and subjective.

Cite this claim

Jeremy Grantham, “Only mavericks spoke against the recent great bubbles; the economic and financial establishments backed them.” (said 2016). Verdict: unresolvable. Reliability API, claim c_489c54ce744c, method 0.1.0+28da144b, dataset release v1.1.2. https://epistacklabs.com/claims/c_489c54ce744c

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

  1. Mostly false Factual 28 July 2025
    “the lowest rates in the history of man,”

    Bonds currently offer the lowest interest rates in human history.

  2. Mostly true Factual 28 July 2025
    “31 years later, the land is not back, and stocks are not back.”

    Thirty-one years after Japan's 1989 bubbles, Japanese land prices and stocks had not returned to their 1989 levels.

  3. Mostly true Factual 28 July 2025
    “one of the two or three lowest relative points in history”

    Emerging markets and value stocks trade at one of the two or three lowest relative valuation points in history compared to the U.S.

  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

Verdicts are made automatically; how verdicts are made.