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Grantham on ‘What People Learn from Financial Crises’

Posted By Barry Ritholtz On February 26, 2014 @ 8:30 am In Bailouts,Markets,Psychology | Comments Disabled

I love this:

When he was asked what people would learn from the whole financial crisis, Jeremy [Grantham] said, “In the short term a lot, in the medium term a little, in the long term, nothing at all. That would be historical precedent.”

-James Montier to Kate Welling, via FT Alphaville [1]

 


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[1] FT Alphaville: http://ftalphaville.ft.com/2014/02/26/1783232/the-fois-gras-bubble/

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