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Legendary investor Jeremy Grantham warned that home prices are doomed to fall amid high mortgage rates.
He also called mega-cap tech stocks monopolies, opined on Tesla’s Elon Musk, and revealed what ticks him off the most.
These are the top 10 quotes from Grantham’s new interview with “The Compound and Friends” podcast.
Legendary investor Jeremy Grantham opined on Elon Musk’s salesmanship and said that home prices are destined to fall amid a period of elevated mortgage rates in a new interview on Friday.
Grantham joined Ritholtz Wealth Management’s Josh Brown and Michael Batnick on “The Compound and Friends” podcast and also talked about everything from the current stock market environment, asset bubbles, and what ticks him off the most.
These are the top 10 quotes from Grantham’s new interview.
1. Expect lower home prices
“Forty years of lower and lower interest rates push asset prices up, particularly housing through the mortgage mechanism….
2023-09-22 20:49:37
Source from finance.yahoo.com
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