"What advice do you give for the average person that's looking to invest their salary or their wages? >> Don't own US stocks. That's a simple strategy that you can act on. >> But what about S&P 500? >>..."

">> Jeremy Grantham. Your firm managed up to 165 billion dollars at its peak, what you we call AUM, assets under management. So, you know a lot about money. You know a lot about investing. How do you s..."

">> I want to keep on this train, but for the viewers that don't know your experience, we should probably pause and just tell them your experience, because that's the reference point, but also also giv..."

">> How many years have you spent investing? >> Uh 60, approximately. >> 60. And what's the the most amount of money you've ever managed for other people in a calendar year? >> Yes, 165 billion. I had ..."

">> And how much >> And paid tax on all of it. >> Oh, good. And how And how much money does your firm still manage today of other people's money? >> It manages 85 billion. >> 85 billion. So, are you a ..."

"that we were talking about, a lot of people won't even know what a bubble is. I think you've done a good job of explaining. A bubble is when everyone gets excited, they all see something obvious, they..."

">> So, for the average person, what do they feel and how does it impact them when there's a market crash like the one that you're forecasting? >> The high flyers will lay people off and and a lot of p..."

">> So, for the for the average person, what kind of strategy should they be adopting if you if you're not someone that has a huge amount of savings? Say you're working for one of these big big compani..."

">> So, I've got diversify, I've got reduce your position. Um there is a probably going to be a bit of a job disruption, as well. >> And particularly if you have to own stocks, own them outside America..."

"say you will not receive the advice from investment advisers to get your tail out of the market, ever. It is not good business for them to do that, and they will not ever say it to you. So, from 1929 ..."

"What about for founders? I actually had a founder call me the other day, and he is running a relatively early-stage tech startup. This tech startup has raised a lot of money. It's an AI tech startup. ..."

">> What do you actually think about the technology at the heart of all of this, which is artificial intelligence? Do you think it's overblown or do you think it is going to have >> It's going to chang..."

"I The one example is mothers to babies. >> Yeah, I had I [clears throat] had one of my former guests say this to me. >> Geoffrey Hinton? >> Geoffrey Hinton, yeah. >> That's how I I came across you and..."

">> Well, if you were right, and I hope you're not, what you're saying is you can't build in benevolent behavior, which means that it will sooner or later, perhaps by accident, do something that is cri..."

">> I mean, I question basically the well-meaning bit. They're now trying to maximize their profits and their growth and their appeal over the competition. That actually maybe one should talk about tha..."

">> Much of the reason most people haven't posted or built their personal brand is because it's hard and it's time-consuming, and we're all very, very busy. And if you've never posted something before,..."

"So, coming back to this point of the the social societal effect of AI generally, robotics is exploding at the same time. We're seeing for the first time ever these humanoid robots, which now have inte..."

">> You think SpaceX will fail? >> I think it will fail to deliver anything like its promises in the prospectus. Yes absolutely. >> I'm an investor in SpaceX, I should probably declare that. >> Yeah, w..."

">> Yeah, of course, if it came down to >> where I invested. >> 10 cents on the dollar, yeah. I might. 5 cents. >> Okay."

"You've got three children? >> Yes. >> Three children. They're they're all, you know, older than me now, I believe. I'm 33 years old, so they're all >> Yes, they're all older than you. >> They're all o..."

"forecasting? >> I think there's quite a good chance that the the level of complexity of our civilization will start to to unravel. Lose the plot at the ends is the first thing that would go. I'll tell..."

">> The richest 1 percent of Americans control 31 percent of the nation's entire wealth, and by contrast, the bottom 50 percent of the entire population shares just 2.5 percent of the wealth. The riche..."

">> What do you think is likely to happen? It can't just keep becoming more and unequal. >> No, it can't. So, it it needs a government that is prepared to pull a Bernie Sanders to say, "Yeah, we're goi..."

">> If you were 33 now, my age, and you were trying to accumulate wealth, >> Oh god, I wish I was 33. >> Do you? >> It's such an exciting time. >> What would you give to be 33? >> I There's nothing I c..."

"just ain't so. >> What if I'm trying to invest? So, say that I've got $1,000 or $10,000 and I want to invest it somewhere that's going to not lose me money through all of these cycles of, you know, bo..."

">> You didn't use the word crypto when you're talking about investment strategies. How much crypto do you own? >> None. >> Have you ever owned any crypto? >> No. >> Will you ever own any crypto? >> No..."

">> Do you think Bitcoin's going to go to zero? >> Well, in the distant future, yes, it will certainly go to zero, but it may take a long time. And and, you know, in the distant future, everything goes..."

">> What about property as an investment? Because the first sort of reaction most people have when they have enough money to make an investment or to buy something is they buy a property as an investme..."

"I don't speak Vietnamese, but this show can because of AI video technology from our sponsor, HeyGen. I get messages every single week from those of you listening to the Diary of a CEO all around the w..."

"Let's talk about the chronic baby bust. I've been hearing a lot in the news. I think there were some articles that actually came out this week in the New York Times that talked about the declining fer..."

">> How long is that going to take for this my sperm to basically not work? >> As far as we can tell, our best guess is that in hunter-gatherer days we had 118 million units per milliliter of sperm. An..."

">> And what is causing this and how do we stop it? >> Shanna would say the environment around you of mainly plastics. Plastics are leaching uh toxins and the particles of plastics you have in your bra..."

"there is a whole other branch, pesticides on your food. Now, if you give me time, I'll tell you about these two little studies. They're very small, and you might ignore them except they were done by H..."

">> What do we do about this? >> We have two things. We've got to detoxify the world, which is intellectually easy. You ban poisonous chemicals. And we've made in the EU pretty good start. My favorite ..."

">> I don't quite think people in the United States realize the difference in the products they consume here versus other parts of the world. And you know, >> No, absolutely not. >> Brits fly over here..."

">> What would advice would you give to your kids on a personal level if they're trying to stay healthy in a toxic world? >> Simple advice and I know you like this is pregnant women are much more impor..."

">> For the average person listening right now, Dave who drives a taxi or Jenny who works as a receptionist or um Clive who is a nurse, what is the most important thing we haven't talked about that we ..."

">> Would you be thinking about the country you live in at this moment in time? >> Absolutely. >> Really? Is there any countries you wouldn't live in? >> [sighs and gasps] >> If you were Dave or Jenny?..."

">> Why not the United States? >> It holds out too much chance that the social contract is is >> [snorts] >> dissolving. You know, the thing about Japan and that my joking rule 21 in investing is never..."

">> So, where's a good place to live then, if not here? >> Denmark, Japan. Uh even France, Germany. The UK has a little bit of the American disease, but not nearly as much. >> So, if your kids came to ..."

">> Jeremy, we have a closing tradition where the last guest leaves a question for the next guest not knowing who they're leaving it for. The question left for you is, if you could not fail, what would..."