“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
“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
“Capitalism believes that its remit is exclusively to make maximum short-term profits.” BelieveTermCapitalismProfitMaximumShort Term Author:Jeremy Grantham
