“Volatility is a symptom that people have no idea of the underlying value.” PeopleIdeasValuesInvestingNo IdeaSymptomsVolatility Author: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.” PeopleKnowsLongIdeasCertainValuesGamesTermCompanyConceptsNo IdeaLong TermRelatedRisingBuyingEnterpriseAssetsAttributesSymptomsPlaying GamesVolatility Author:Jeremy Grantham
“I like to be right. I try not to miss the big ideas, forget the little ones, and try to get them right. End of job description.” TryingLittlesIdeasEndsBigsJobsForgetMissingDescriptionBig Ideas Author:Jeremy Grantham
