JEREMY GRANTHAM

The market can stay irrational longer than the client can stay patient.

All bubbles end badly. Every single one without exception.

Investing is the only business I know where you can be wrong three years in a row and still be considered competent.

We will have the most serious resource crisis in human history. And the investment opportunity of a lifetime.

Be patient and focus on the long term. The market will test your conviction. That's its job.

Reinvesting when terrified is the best time to invest. Every great investor knows this. Very few can do it.