> It strikes me that Grantham is a classic rationalist, a very old school guy who is used to the way the markets have functioned for the past 100 years. However

> It strikes me that Grantham is a classic rationalist, a very old school guy who is used to the way the markets have functioned for the past 100 years. However, he just doesn't really seem to GET the change in investing. Meme stocks, cryptos, etc. We live in an irrational, emotion driven market more now than ever before, and I hate to say it, but these old timers don't seem to get the picture and will probably get burned. "This time it's different" is a recurring slogan that has preceded every major market crash since at least early 20th century. I tried reading Security Analysis (first published 1934) by Benjamin Graham and honestly, it just gets depressing after you realize how the irrationality cycle just keeps repeating.