“Volatility is a symptom that people have no idea of the underlying value.” PeopleIdeasValuesInvestingNo IdeaSymptomsVolatility 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
“I believe the only things that really matter in investing are the bubbles and the busts” BelieveMatterI BelieveInvestingBubbles Author:Jeremy Grantham
