Market Bubbles Explained
Jeremy highlights the trade-off between capital gains and lower yields when investing in overpriced assets, emphasizing that high multiples lead to diminished returns. He warns against trying to time market bubbles, suggesting that signs of irrational behavior are more telling than mere price metrics. The current market's rapid acceleration and accompanying craziness suggest we may be nearing a critical point.In this clip
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Capital Allocators – Inside the Institutional Investment Industry
Jeremy Grantham – GMO (Manager Meetings, EP.01)
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