Jeremy Grantham (GMO):
“My confidence is rising quite rapidly that this is, in fact, becoming the fourth ‘real McCoy’ bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain, but at least I think we know now that we’re in one.”
Ask any sailor when you should reef sails: “the FIRST time it crosses your mind.”
https://www.zerohedge.com/markets/granthams-real-mccoy-bubble-world-gone-mad
Econophysics2020 