Here’s a great podcast with Jeremy Grantham chatting to Barry Ritzholt at Boomberg. When asked about the difference between investing forty years ago compared with today he said:
Q3 hedge fund letters, conference, scoops etc
“The world was so straight forward forty years ago. There was such a limit on the talent in the business. If you showed up and used your brains, you were likely to do pretty well. You didn’t need any help. Now, when I’ve learned all my lessons, the market is so difficult, so full of talent. You need lots of help.”
You can listen to the podcast by clicking on the play button below:
(Source: Bloomberg)
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