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 GranthamEvidence 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 Investing— The Master Investor Podcast with Wilfred FrostCreated: 8/12/2026, 6:39:12 PM
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