“If stocks are attractive and you don't buy, you don't just look like an idiot, you are an idiot.” IfsLooksIdiotAttractive Author:Jeremy Grantham
“Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly.” IfsMeanGoneCapitalismCompetitionSeriesProfitFinanceMarginsProfit MarginReverting Author:Jeremy Grantham
“You don't get rewarded for taking risk; you get rewarded for buying cheap assets. And if the assets you bought got pushed up in price simply because they were risky, then you are not going to be rewarded for taking a risk; you are going to be punished for it.” IfsRiskInvestingBuyingAssetsTaking Risks Author:Jeremy Grantham
“You don't actually find a strong correlation between- top-line GDP growth and making money in the market. It- it seems like you should. The fastest-growing countries should give you the highest return. They simply don't. But, there's only four of us- that- that believe that story. Everyone else in the world believes that if you grow fast like China, you'll outperform in the stock market.” IfsWorldGivingShouldBelieveCountryStoriesSeemsStrongGrowsGrowthLinesFourGrowingLike YouReturnHighestChinaMaking MoneyCorrelationGdp Author:Jeremy Grantham
“The world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value. We all need to adjust our behavior to this new environment. It would help if we did it quickly.” IfsWorldNeedsHelpingValuesNaturalEnvironmentBehaviorResourcesRatePermanentNatural ResourcesNew Environment Author:Jeremy Grantham
“You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?” IfsPersonsRunningEconomyHealthyAverageAverage PersonPicklesBmw Author:Jeremy Grantham
