Grantham on Bubbles

Justin here. I’m fairly certain that all the 1000+ hours I spent studying for the CFA and CFP exams might have been better served taking a class on “How to Speak with a British Accent.” Jeremy Grantham is brilliant (see his bio here, and latest commentary here) but his accent adds a good 20 points in perceived IQ.

The following short (6 minute) video discusses bubbles, how to spot them, what purpose the serve, and how “bloody mad” you have to be to buy into one. Y’all enjoy.

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