[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.
Hope sustains life, but misplaced hope prolongs recessions. - James Grant
Hope sustains life, but misplaced hope prolongs recessions.
- James Grant
Progress is cumulative in science and engineering, but cyclical in finance. - James Grant
Progress is cumulative in science and engineering, but cyclical in finance.
In general, markets know more than the people who write about them. - James Grant
In general, markets know more than the people who write about them.
The Fed can change how things look, not how things are - James Grant
The Fed can change how things look, not how things are
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 … - James Grant
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 …
[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich. - James Grant
[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.
Successful investing is about having people agree with you ... later. - James Grant
Successful investing is about having people agree with you ... later.
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 t… - 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.' And 'n', I'm glad you ask, 'n' is t…
The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s. - James Grant
The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.
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