A Quote by Jeremy Grantham

I believe the only things that really matter in investing are the bubbles and the busts — © Jeremy Grantham
I believe the only things that really matter in investing are the bubbles and the busts
What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.
If you look at the Karamazov Brothers on TV, they're really small and the heart is taken out of their act. That's true for most variety acts. I'm an exception. When the camera comes in close and looks at those soap bubbles, you can really see what bubbles do.
We thought we completely understood bubbles when we were kids. But we didn't. Bubbles are these amazing things. It's just that people aren't paying enough attention.
What's in my mind is that I'm investing in people. It might be through a building or a program, but I'm investing in people. And the people that I'm investing in are underprivileged or hold a core value that I believe in.
It is ludicrous to believe that asset bubbles can only be recognized in hindsight.
When I do the dodecahedron with the science audiences, I'll point out that I can only do three of the five forms with bubbles, since bubbles only join at three-way corners. The two I can't do are the ones that represent water and air. That always gets a big laugh from the mathematicians. They see the irony in it.
I could blow bubbles. Bubbles would solve any dilemma we face. If bubbles were president there would be no war.
Bubbles have quite a few things in common, but housing bubbles have a spectacular thing in common, and that is every one of them is considered unique and different.
I believe that investing in welfare is crucial - but I also believe that it only works if you're getting help to those who need it. If you're doing it with no results, it's disastrous.
Bubbles only break for a few different reasons, so if I can avoid those things, I can get a lot of things to happen.
I know I'm one of the biggest busts in NBA history, and I know it will only get worse as Kevin Durant continues doing big things.
Wouldn't it be amazing if we spent as much energy investing in experiences as we do investing in things?
The only intelligence investing is value investing...to acquire more than one is paying for.
Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.
Impact investing has become a broad umbrella that includes all investing with a focus on both financial return and social impact, but in its best form, impact investing prioritizes impact over returns and achieves outcomes that traditional investing cannot.
I'm investing in myself, I'm investing in others and I'm investing in my cause. I know if I persist it will pay back in dividends and it always does.
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