Value investors should not stand their ground in badly overpriced stock markets unless they want to eventually take losses, and while they will underperform in the short run when others gain from overpriced assets, they will win in the long run by owning cheaper stocks.
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Speaker
Jeremy GranthamEvidence Quote
“do not stand your ground in in badly overpriced stock markets unless eventually you want to take it on the chin. But in the longer run, you win.”
Source
Jeremy Grantham: Lessons from 60 Legendary Years of Investing— The Master Investor Podcast with Wilfred FrostCreated: 8/12/2026, 6:39:12 PM
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