Grantham on ‘What People Learn from Financial Crises’

I love this:

When he was asked what people would learn from the whole financial crisis, Jeremy [Grantham] said, “In the short term a lot, in the medium term a little, in the long term, nothing at all. That would be historical precedent.”

-James Montier to Kate Welling, via FT Alphaville

 

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