"Think how weird profit margins are: We've got……" — Jeremy Grantham

Think how weird profit margins are: We've got high unemployment and financial… - Jeremy Grantham
"Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings."

Jeremy Grantham

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