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Jeremy Grantham's Elevator Speech

Collide-a-ScapeBy Keith KloorMay 7, 2011 5:59 AM


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Imagine you crossed Jared Diamond and Lester Brown with a former Royal Dutch Shell economist turned-brilliant hedge fund manager. That's the author of this stunning quarterly newsletter for GMO Capital, an investment firm that manages over $100 billion in assets. Over at Climate Central, I barely scratch the surface of Jeremy Grantham's essay, which begins with this "summary of the summary":

The world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value. We all need to adjust our behavior to this new environment. It would help if we did it quickly.

That right there is the ten-second elevator speech for the planet. Best damn one I've heard yet.

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