“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.”
Quote by Jeremy Grantham
Author
Jeremy Grantham
Jeremy Grantham is a renowned investor and environmentalist. He founded Grantham Mayo Van Otterloo & Co. (GMO) in 1977, a global asset management firm. He is known for his advocacy of sustainable investing and profound insights into market trends. more
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