James Grant
James Grant
James Augustus Grant, CB, CSI, FRS, FRGSwas a Scottish explorer of eastern equatorial Africa. He made contributions to the journals of various learned societies, the most notable being the "Botany of the Speke and Grant Expedition" in vol. xxix of the Transactions of the Linnaean Society. He married in 1865 and settled down at Nairn, where he died in 1892. He was buried in the crypt of St Paul's Cathedral. Grant's gazelle, one of the largest and handsomest of that...
ProfessionExplorer
Date of Birth11 April 1827
business war people
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.
kind financial rich
[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.
numbers people gold
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.
money nice mean
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.
successful people investing
Successful investing is about having people agree with you ... later.
allow essential fed greenspan legacy
The essential Greenspan legacy . . . is the idea that the Fed will allow nothing to go really wrong.