Sunday, March 2, 2014

‘What People Learn from Financial Crises’

Heh. So True. 

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

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