“Though the continued march of intellect and education have nearly obliterated from the mind of the Scots a belief in the marvelous,… — James Grant Education Copy Share Image
It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause. — James Grant Axioms Copy Share Image
The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s. — James Grant 1960s Copy Share Image
Debt is always repaid, either by the borrower or by the lender. — James Grant Borrowers Copy Share Image
Progress is cumulative in science and engineering, but cyclical in finance. — James Grant Banking Copy Share Image
It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really,… — James Grant Defeat Copy Share Image
The art of banking is always to balance the risk of a run with the reward of a profit. The tantalizing factor… — James Grant Art Copy Share Image
In general, markets know more than the people who write about them. — James Grant Investing Copy Share Image
In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at… — James Grant Higher Copy Share Image
To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by the relevant interest rates… — James Grant Burned Copy Share Image
Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control… — James Grant Banking Copy Share Image
I believe that there is an important kernel of truth in the idea that financial errors recur every other generation. — James Grant Banking Copy Share Image
To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one… — James Grant Asks Copy Share Image
Every debt is ultimately paid, if not by the debtor, then eventually by the creditor. — James Grant Creditors Copy Share Image
[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich. — James Grant Capitalism Copy Share Image
[T]he first bad bank loan was no doubt made around the time of the opening of the first bank. — James Grant Banking Copy Share Image
Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold. — James Grant Bears Copy Share Image
Successful investing is about having people agree with you ... later. — James Grant Agree Copy Share Image
Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to… — James Grant Banking Copy Share Image
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