Great Bubbles
topic on 1 show · 2 statements across 1 episodes
2 statements about Great Bubbles, every show
Grantham: Great market bubbles require genuinely transformative ideas
“If you look back in history, what you find is that the great bubbles are associated with great investment ideas that get overdone. It has to be serious. And ideally, it has to be obviously serious.”
Grantham: Navigating major bubbles is all that matters in long-term investing
“The only things that matter in life in investing are the founding, forming, and breaking of the great bubbles. That determines everything. If you can sidestep half of the pain, that will make all the difference in the world.”