54 Quotes by James Grant

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?

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

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

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

Hope sustains life, but misplaced hope prolongs recessions.

[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.

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