Famous Quotes & Sayings

James Grant Quotes & Sayings

Enjoy the top 21 famous quotes, sayings and quotations by James Grant.

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Famous Quotes By James Grant

James Grant Quotes 936670

Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it. — James Grant

James Grant Quotes 822730

Progress is cumulative in science and engineering, but cyclical in finance. — James Grant

James Grant Quotes 1686083

Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold. — James Grant

James Grant Quotes 2140179

[T]he first bad bank loan was no doubt made around the time of the opening of the first bank. — James Grant

James Grant Quotes 159792

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? — James Grant

James Grant Quotes 1880045

Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently. — James Grant

James Grant Quotes 1745501

The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s. — James Grant

James Grant Quotes 1640399

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich. — James Grant

James Grant Quotes 1621686

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 on a whim, risen to the defense of Joseph Stalin and believed Orson Welles when he told them over the radio that the Martians had landed. — James Grant

James Grant Quotes 1402067

Every debt is ultimately paid, if not by the debtor, then eventually by the creditor. — James Grant

James Grant Quotes 1189663

It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause. — James Grant

James Grant Quotes 1084975

Successful investing is about having people agree with you ... later. — James Grant

James Grant Quotes 996793

To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market. — James Grant

James Grant Quotes 896700

Hope sustains life, but misplaced hope prolongs recessions. — James Grant

James Grant Quotes 761126

The art of banking is always to balance the risk of a run with the reward of a profit. The tantalizing factor in the equation is that riskier borrowers pay higher interest rates. Ultimate safety - a strongbox full of currency - would avail the banker nothing. Maximum risk - a portfolio of loans to prospective bankrupts at usurious interest rates - would invite disaster. A good banker safely and profitably treads the middle ground. — James Grant

James Grant Quotes 608913

The Fed can change how things look, not how things are — James Grant

James Grant Quotes 331759

Though the continued march of intellect and education have nearly obliterated from the mind of the Scots a belief in the marvelous, still a love of the supernatural lingers among the more mountainous districts of the northern kingdom; for 'the Schoolmaster' finds it no easy task, even when aided by all the light of science, to uproot the prejudices of more than two thousand years. ("The Phantom Regiment") — James Grant

James Grant Quotes 323803

Credit is money of the mind. — James Grant

James Grant Quotes 315701

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices. — James Grant

James Grant Quotes 218805

Debt is always repaid, either by the borrower or by the lender. — James Grant

James Grant Quotes 179992

In general, markets know more than the people who write about them. — James Grant