"I try to encourage people to think for themselves, to question standard assumptions. Don’t take assumptions for granted. Begin by taking a skeptical attitude toward anything that is conventional wisdom. Make it justify itself. It usually can’t. Be willing to ask questions about what is taken for granted. Try to think things through for yourself. There is plenty of information. You have got to learn how to judge, evaluate and compare it with other things. You have to take some things on trust or you can’t survive. But if there is something significant and important don’t take it on trust. As soon as you read anything that is anonymous you should immediately distrust it. If you read in the newspapers that Iran is defying the international community, ask who is the international community? India is opposed to sanctions. China is opposed to sanctions. Brazil is opposed to sanctions. The Non-Aligned Movement is vigorously opposed to sanctions and has been for years. Who is the international community? It is Washington and anyone who happens to agree with it. You can figure that out, but you have to do work. It is the same on issue after issue.”
MIB: Grantham and the Zero-Sum Game - Investors should think about markets as if they were spectators watching players at a poker table. Some will win, some will lose, but the net takeaway fo...
3 hours ago