GRANTHAM: Here Are 5 Lessons I Learned From 2 Failed Investments – Business Insider 07-20-14

Salient to Investors:

Jeremy Grantham at GMO advises:

  • You don’t know how the important people in your life will behave under pressure.
  • Local cultural differences can be very lasting.
  • Even great ideas can fail.
  • Investing is serious and should not be driven by excitement, as it is for many individual investors.
  • From 1970 to 1990, institutional investors seemed to prefer start-ups to the giant banks, which did so badly in the 1974 decline.
  • It is better to be lucky than good.

Read the full article at http://www.businessinsider.com/grantham-5-important-lessons-2014-7

Click here  to receive free and immediate email alerts of the latest forecasts.