Jeremy Grantham was asked whether “we will learn anything from this turmoil”. He said, “We will learn an enormous amount in the short term, quite a bit in the medium term and absolutely nothing in the long term. That would be historical precedent.”
The memory is short, we tend to forget the lessons.
Keep reading “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”
Reading the book would serve as a reminder to what happened. You do not have to go through the pains of a crisis all over again. The lessons can be learnt and remembered simply by re-reading the book.