Since everyone is talking about the anniversary of the Lehman collapse and the financial crisis, now's a good time to think about the upside after crisis. In February 2009, I wrote a post based on some advice from veteran investor Jeremy Grantham. It was pretty short, but here is the key kernel of his advice:
“When the market goes down, it reinforces the hoarding of cash. By the bottom, you suffer what we called in 1974 terminal paralysis — you cannot pull the trigger. Almost everyone who avoids...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.