A Quote by Jeremy Grantham

Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because it's a company with certain attributes. They're buying because the price is rising. People are playing games not related to any concept at all of what the long-term value of the enterprise is. And they know it.

Jeremy Grantham

Quote Topics

Any Asset Attributes Because Buying Certain Company Concept Enterprise Game Games Idea Know Long Long-Term No Idea People Playing Playing Games Price Related Rising Stopped Symptom Term Underlying Value Volatility

Quote Author

Jeremy Grantham
British - Businessman

Volatility is a symptom that people have no idea of the underlying value.

Jeremy Grantham

The basic concept of value to a private owner and being motivated when you're buying and selling securities by reference to intrinsic value instead of price momentum - I don't think that will ever be outdated.

Charlie Munger

Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.

Raghuram Rajan

Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more of their value is realised. The element of a bargain is the key to the process.

Seth Klarman

No one stopped buying I.B.M. because Tom Watson wasn't there, but they stopped buying Elizabeth Arden because she wasn't there.

Leonard Lauder

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

Warren Buffett

It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy. Value investing, the strategy of buying stocks at an appreciable discount from the value of the underlying businesses, is one strategy that provides a road map to successfully navigate not only through good times but also through turmoil.

Seth Klarman

Alan White and I spent the next two or three years working together on this. We developed what is known a stochastic volatility model. This is a model where the volatility as well as the underlying asset price moves around in an unpredictable way.

John Hull

You can build a filter app get people really excited, but the way to keep them is to provide long-term value. Long-term value is, in fact, being its own network.

Kevin Systrom

We don't really look at the stock, you know? Because for us, it's about the long term. And so we're very much focused on long-term shareholder value but not the short-term kind of stuff.

Tim Cook

I like to think that people are buying Emilia Wickstead because they want to keep it in their wardrobe as an investment piece; she's not just buying it because it's of the moment or what's currently in season.

Emilia Wickstead

Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.

Charles Koch

There is, literally and figuratively, not a gold standard. That's almost as big a problem in art as in the financial world. How do you affix a value to something that only has value because a certain number of people agree to believe in that value?

John Currin

I know real people, whose names I could tell you, people I know who have said 'I've stopped buying the New York Times.' Why? Because their editorial position has filtered, has leached into the news pages.

Bernard Goldberg

I know real people, whose names I could tell you, people I know who have said "I’ve stopped buying the New York Times." Why? Because their editorial position has filtered, has leached into the news pages.

Bernard Goldberg

Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

Warren Buffett

A Quote by Jeremy Grantham

Quote Topics

Quote Author

Related Quotes

Related Authors