---
title: "1 Common Stock Quotes By James Grant"
description: "1 Common Stock quotes by James Grant. Plus more from James Grant and more Common Stock sayings from other authors."
image: "https://sms4smile.com/quotes/i/83a/james-grant-26489_burned_to-suppose-that-the-value-of-a-common-st_1699179.jpg"
---

> [To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by the relevant interest rates and adjusted for the marginal tax rate is to forget that people have burned witches, gone to war…](https://sms4smile.com/quotes/james-grant/to-suppose-that-the-value-of-a-common-stock-is-determined-purely-by-a/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

[Image](https://sms4smile.com/quotes/i/83a/james-grant-26489_burned_to-suppose-that-the-value-of-a-common-st_1699179.jpg)

## More by James Grant

> [“Though the continued march of intellect and education have nearly obliterated from the mind of the Scots a belief in the marvelous, still a…](https://sms4smile.com/quotes/james-grant/though-the-continued-march-of-intellect-and-education-have-nearly/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.](https://sms4smile.com/quotes/james-grant/it-is-an-axiom-nowadays-that-no-bank-fails-for-lack-of-capital/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.](https://sms4smile.com/quotes/james-grant/the-1980s-are-to-debt-what-the-1960s-were-to-sex-the-1960s-left-a/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [Debt is always repaid, either by the borrower or by the lender.](https://sms4smile.com/quotes/james-grant/debt-is-always-repaid-either-by-the-borrower-or-by-the-lender/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [The Fed can change how things look, not how things are](https://sms4smile.com/quotes/james-grant/the-fed-can-change-how-things-look-not-how-things-are/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [Progress is cumulative in science and engineering, but cyclical in finance.](https://sms4smile.com/quotes/james-grant/progress-is-cumulative-in-science-and-engineering-but-cyclical-in/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?](https://sms4smile.com/quotes/james-grant/it-s-about-bums-on-seats-if-nobody-wants-to-listen-to-what-you-are/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [The art of banking is always to balance the risk of a run with the reward of a profit. The tantalizing factor in the…](https://sms4smile.com/quotes/james-grant/the-art-of-banking-is-always-to-balance-the-risk-of-a-run-with-the/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [In general, markets know more than the people who write about them.](https://sms4smile.com/quotes/james-grant/in-general-markets-know-more-than-the-people-who-write-about-them/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.](https://sms4smile.com/quotes/james-grant/in-almost-every-walk-of-life-people-buy-more-at-lower-prices-in-the/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by the relevant interest rates and adjusted…](https://sms4smile.com/quotes/james-grant/to-suppose-that-the-value-of-a-common-stock-is-determined-purely-by-a/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [Credit is money of the mind.](https://sms4smile.com/quotes/james-grant/credit-is-money-of-the-mind/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting…](https://sms4smile.com/quotes/james-grant/growth-at-an-exceptional-rate-is-a-red-flag-in-banking-it-is-hard/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [I believe that there is an important kernel of truth in the idea that financial errors recur every other generation.](https://sms4smile.com/quotes/james-grant/i-believe-that-there-is-an-important-kernel-of-truth-in-the-idea-that/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

> [To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.'…](https://sms4smile.com/quotes/james-grant/to-me-the-gold-price-takes-the-form-of-a-very-uncomplicated-formula/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

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