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

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


James Grant
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"James Grant Quotes." Quoteslyfe.com, 2023. Fri. 27 Jan. 2023. <https://www.quoteslyfe.com/quote/It-is-an-axiom-nowadays-that-no-684252>.





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Other quotes of James Grant


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

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



[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.



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

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



In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.



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

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



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

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



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

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



Credit is money of the mind.

Credit is money of the mind.



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

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



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?

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?





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A man must claim responsibility for his own temptation, and not pin it on the woman who arouses him. It’s a gown, Sir Mark. Not even one of my more daring ones.

A man must claim responsibility for his own temptation, and not pin it on the woman who arouses him. It’s a gown, Sir Mark. Not even one of my more daring ones.



I've never wanted to be loved. And God Knows no one's done it yet.

I've never wanted to be loved. And God Knows no one's done it yet.



Sometimes even the smallest of efforts can change someone’s fate entirely.

Sometimes even the smallest of efforts can change someone’s fate entirely.



[D]emocracy can itself be as tyrannical as a dictatorship, since it is the extent, not the source, of government power that impinges on freedom."-William F Buckley

[D]emocracy can itself be as tyrannical as a dictatorship, since it is the extent, not the source, of government power that impinges on freedom."-William F Buckley



La mu’axsa, but I think I’ll just keep sliding down this greased pole to hell?

La mu’axsa, but I think I’ll just keep sliding down this greased pole to hell?



Cycling, cycling forever bear, wolf, caribou.When had it all started, where will it end?We are all part of one, from such simple beginnings and yet all so different.Yet one.One and again.

Cycling, cycling forever bear, wolf, caribou.When had it all started, where will it end?We are all part of one, from such simple beginnings and yet all so different.Yet one.One and again.



A wise lover values not so much the gift of the lover as the love of the giver.

A wise lover values not so much the gift of the lover as the love of the giver.



When he's at the top of his game, there's not a team in the world that can handle Giggs' speed and penetration

When he's at the top of his game, there's not a team in the world that can handle Giggs' speed and penetration



Life, Steffi has learned, carries on around the pain, making room for it, absorbing it until it becomes part of the daily fabric, wrapping itself around you and lodging itself in your heart.

Life, Steffi has learned, carries on around the pain, making room for it, absorbing it until it becomes part of the daily fabric, wrapping itself around you and lodging itself in your heart.



My parents did love each other. Enough to forsake plans and factions. Enough to defy “faction before blood.” Blood before faction--no, love before faction, always. - Tris Prior

My parents did love each other. Enough to forsake plans and factions. Enough to defy “faction before blood.” Blood before faction--no, love before faction, always. - Tris Prior




Quote Description


This page presents the quote "It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.". Author of this quote is James Grant. This quote is about failing, banking, lending, causes,.