“The fact is that no compound growth is sustainable. If we maintain our desperate focus on growth, we will run out of everything and crash. We must substitute qualitative growth for quantitative growth.” – Jeremy Grantham, GMO Quarterly Letter
That sounds like something you’ve heard before at Capital Institute! But this time it comes from a leading asset management company with over $100 billion in assets under management in a newsletter titled:
“Forever” is a long time. I could do no better than to send you to the GMO Letter, as no less than six people have sent it to me.
We are crossing a one way threshold. We need to pay attention.