Tumblroth

Publick Posts, Both Foreign and Domestick.
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Posted 3 years ago
Since 1988, we have been offered 8 or 10 2-sigma events. (A 2-sigma event is our definition of an important bubble or bust.) All of these events were bubbles, and all behaved themselves by bursting. Now, sadly, there are probably none.

Jeremy Grantham: The last hurrah and seven lean years » Investment Postcards from Cape Town
sadly?