The central truth of the investment business is that investment behavior is driven by career risk.
Investors
Jeremy Grantham
Born in 1938 in Britain, Jeremy Grantham co-founded GMO, a Boston-based asset management firm, and served as its chief investment strategist. His advance warnings of every major bubble — the 2000 dot-com crash, the 2008 housing bust — earned him the title 'bubble-prediction guru.' He also launched one of the earliest index funds in the 1970s, making him a contrarian intellectual investor of rare prescience.
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Jeremy Grantham's Other Quotes
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The magic formula works, but most people don't have the patience to stick with it.
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Time is your friend; impulse is your enemy.
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