Quote · The Diary Of A CEO with Steven Bartlett
Billionaire's WARNING: I'm SELLING. The Crash Is Already Here!
Where this was said
Why Investment Advisors Mislead Clients
At 20:45 · chapter starts 19:54
Wall Street has never told clients to exit the market — not in 1929, 1972, or 2000 — because it's career suicide [1] — Jeremy Grantham "At a 1998 investment conference, 99% of 400 professional analysts privately agreed the overpriced market would crash — guaranteeing a major…" 22:36 . In 1998, 99% of analysts privately agreed a crash was coming but their employers said the opposite. GMO lost half its business for being honest.
At a 1998 investment conference, 99% of 400 professional analysts privately agreed the overpriced market would crash — guaranteeing a major bear market. Yet their employers were on stage telling clients everything was fine. This conflict of interest hasn't changed and never will.
