The Making of a Permabear

Sixty years in the investment business become a sharp insider account of value investing, mean reversion and the rise and fall of market manias. Jeremy Grantham’s path runs from hand-built stock indices and early index investing to the dotcom era, where his refusal to follow the crowd earned him the label of a permabear.

Written with Edward Chancellor, the result is a candid and witty portrait of a changing financial world. It will appeal to readers interested in investing, market history and the human cost of short-term thinking, with added attention to the wider consequences that Grantham saw beyond finance.