James Grant Quotes

• Successful investing is about having people agree with you ... later.

  James Grant

  Successful, People, Investing

  16 Copiar cita

• Suponer que el valor de una acción ordinaria viene determinado exclusivamente por los beneficios de una empresa descontados por los tipos de interés pertinentes y ajustados al tipo impositivo marginal es olvidar que la gente ha quemado brujas, ha ido a la guerra por capricho, ha salido en defensa de Joseph Stalin y ha creído a Orson Welles cuando les decía por radio que los marcianos habían aterrizado.

  James Grant

  Business, War, People

  16 Copiar cita

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

  James Grant

  Engineering, Progress, Banking

  15 Copiar cita

• 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

  Money, Nice, Mean

  15 Copiar cita

• [El capitalismo sin quiebra financiera no es capitalismo, sino una especie de socialismo para ricos.

  James Grant

  Financial, Kind, Socialism

  "A plague on the Wall Street casinos" by Diane Francis, www.huffingtonpost.com. October 17, 2008.

  16 Copiar cita

• In general, markets know more than the people who write about them.

  James Grant

  Writing, People, Knows

  4 Copiar cita

• 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

  Dinero, Personas, Inversión

  13 Copiar cita

• The Fed can change how things look, not how things are

  James Grant

  Looks, Feds

  8 Copiar cita

• Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.

  James Grant

  Debtors, Creditors, Paid

  10 Copiar cita

• 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

  Numbers, People, Gold

  "Jim Grant: America Will Resolve Her Debt By Returning To The Gold Standard" by Gus Lubin, www.businessinsider.com. April 14, 2011.

  13 Copiar cita

• El arte de la banca consiste siempre en equilibrar el riesgo de una corrida con la recompensa de un beneficio. El factor tentador en la ecuación es que los prestatarios más arriesgados pagan tipos de interés más altos. La máxima seguridad -una caja fuerte llena de divisas- no serviría de nada al banquero. El máximo riesgo - una cartera de préstamos a posibles quebrados a tipos de interés usurarios - invitaría al desastre. Un buen banquero se mueve en un terreno intermedio de forma segura y rentable.

  James Grant

  Running, Art, Safety

  9 Copiar cita

• Credit is money of the mind.

  James Grant

  Mind, Credit

  7 Copiar cita

• 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

  Weed, Red Flags, Growth

  12 Copiar cita

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

  James Grant

  Gold, Littles, Bears

  8 Copiar cita

• Los años 80 son para la deuda lo que los 60 fueron para el sexo. Los sesenta dejaron resaca. Lo mismo ocurrirá con los años ochenta.

  James Grant

  Sex, Hangover, Debt

  7 Copiar cita

• I believe that there is an important kernel of truth in the idea that financial errors recur every other generation.

  James Grant

  Believe, Errors, Ideas

  9 Copiar cita

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

  James Grant

  Investing, Debt, Borrowers

  4 Copiar cita

• Hope sustains life, but misplaced hope prolongs recessions.

  James Grant

  Misplaced, Recessions

  "Whistling Past the Economic Graveyard: The Audacity of Misplaced Hope" by Arianna Huffington, www.huffingtonpost.com. July 16, 2009.

  4 Copiar cita

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

  James Grant

  Banking, Causes, Failing

  4 Copiar cita

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

  James Grant

  Doubt, Banking, Firsts

  4 Copiar cita

• 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

  Purpose, Want, Kind

  7 Copiar cita

También te puede gustar:

Thomas Reed

John Adams

Marc Faber

Jim Rogers

Doug Casey

David Stockman

Seth Klarman

Peter Schiff