Making of a Permabear: The Perils of Long-term Investing in a Short-term World James Marshall in collaboration with Dayyan Armstrong

in collaboration with Dayyan Armstrong and Sailing Collective

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2026–January 10

Making of a Permabear: The Perils of Long-term Investing in a Short-term World James Marshall in collaboration with Dayyan ArmstrongA brilliant account of a storied investor as well as a vivid history of the stock market over the last sixty years. When Jeremy Grantham entered the investment business in the 1960s, he brought the thrifty Yorkshire values he had been raised with. While other money managers focused on blue chip stocks, he studied stock market history and constructed the first indices for small cap and value stocks. Charting their ebb and flow, he saw the powerful