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)

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

Related topics

american cheap credit crisis earnings full gives high market people profit quite record think weird world unemployment

Related quotes

The people who lie the most are nearly always the clumsiest at it, and they're easier to fool with lies than most people, too. You'd think they'd be on the look-out for lies, but they seem to be the very ones that will believe almost anything at all. View quote
Dashiell Hammett
The very hirelings of the press, whose trade it is to buoy up the spirits of the people. have uttered falsehoods so long, they have played off so many tricks, that their budget seems, at last, to be quite empty. View quote
William Cobbett
America is never wholly herself unless she is engaged in high moral principle. We as a people have such a purpose today. It is to make kinder the face of the nation and gentler the face of the world. View quote
George H. W. Bush
When reflecting upon it today, that the Pearl Harbor attack should have succeeded in achieving surprise seems a blessing from Heaven. It was clear that a great American fleet had been concentrated in Pearl Harbor, and we supposed that the state of alert would be very high. View quote
Hideki Tōjō
A major source of objection to a free economy is precisely that it ... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself. View quote
Milton Friedman