James Grant may refer to:
Progress is cumulative in science and engineering, but cyclical in finance.
The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.
Debt is always repaid, either by the borrower or by the lender.
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.
Successful investing is about having people agree with you. . . later.
The Fed can change how things look, not how things are
[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.
In general, markets know more than the people who write about them.
Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.
Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold.
It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.
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?
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.