54 Quotes by James Grant

As an arithmetic proposition in many mutual funds, chances are that by the time the great performance has been registered, you, the public investor, are only entering. You're coming in for the last of it.

Artificially low interest rates change people's speculative behavior in ways we may all come to regret, ... It's already incited a great burst of speculation in the bond market.

They've done a really good job to get this attitude at the club,

As much anxiety as we might extend over the victims of a rising funds rate, we ought to also spare a thought for the consequences of rates having been here in the first place,

It seems to me the least-esteemed asset in existence is cash, short-dated treasuries, and I think that is the asset that is going to surprisingly outperform in the years ahead.

It's not surprising in that mutual fund companies have been making them richer,

They cannot appreciate the full magnitude of their actions. Any time you have a person's mental capabilities that are questioned, it's going to affect how the case is handled.

I have to believe that, more than ever before, some importantly large number of Americans are exposed to short-term interest rates through the mortgage market, ... and an important, dramatic rise in those rates would choke off consumption.

I just do my job. It's a dirty job but I don't care if I get recognition or not.