“Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.” PeopleThinkingWorldGivingTodayRecordsCrisisFinancialProfitCreditEarningUnemploymentMarginsFinancial CrisisWorld RecordsProfit Margin Author:Jeremy Grantham
“I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.” CapableFinancialExtremesFinancial Markets Author:Jeremy Grantham
“There is a lot of pain still to be had in the equity markets, particularly aimed at the risky end of the spectrum. We think the fair value on the market is about a third lower in the U.S. . .” ThinkingStillsEndsPainValuesFairsThirdsFinancialEquitySpectrumSkeptical Author:Jeremy Grantham
