Momentum is a simple-minded but powerful inefficiency that has worked consistently throughout Grantham's career and before: a body in motion tends to stay in motion for a while, which was provably true even 20-30 years before academics claimed markets were efficient.

factualpending

Speaker

Jeremy Grantham

Evidence Quote

momentum is a pretty simple-minded inefficiency...a body in motion tends to stay in motion for a while...it's worked...pretty well...all my investment career

Source

Jeremy Grantham: Lessons from 60 Legendary Years of InvestingThe Master Investor Podcast with Wilfred Frost
Created: 8/12/2026, 6:39:12 PM

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