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James Grant Quotes: [T]he first bad bank loan was no doubt made around the time of the opening of the first bank.
         

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


James Grant
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"James Grant Quotes." Quoteslyfe.com, 2023. Fri. 27 Jan. 2023. <https://www.quoteslyfe.com/quote/T-he-first-bad-bank-loan-was-684255>.





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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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They will always tell you that you can't do what you want to do, but you can do what you want to do. You just have to believe in yourself. The system is to bring you down, but you can rise up.

They will always tell you that you can't do what you want to do, but you can do what you want to do. You just have to believe in yourself. The system is to bring you down, but you can rise up.



Anything you can aquire is only another thing you'll lose.

Anything you can aquire is only another thing you'll lose.



So he waited, listening for a moment longer to the tuning-fork that had been struck upon a star.

So he waited, listening for a moment longer to the tuning-fork that had been struck upon a star.



They don't produce anything. All they do is guide you through the labyrinth of the legal system that they created - and they keep changing it just in case you start to catch on.

They don't produce anything. All they do is guide you through the labyrinth of the legal system that they created - and they keep changing it just in case you start to catch on.



So, do I think I'm missing something? I really don't, and I think that comes with age.

So, do I think I'm missing something? I really don't, and I think that comes with age.



I would never belong to any club that excluded anybody for race.

I would never belong to any club that excluded anybody for race.



sometimes knowing when to give up is the real test of character... -annabelle granger

sometimes knowing when to give up is the real test of character... -annabelle granger



Earth is a place where language has literally become alive. Language has infested matter; it is replicating and defining and building itself. And it is in us.

Earth is a place where language has literally become alive. Language has infested matter; it is replicating and defining and building itself. And it is in us.




Quote Description


This page presents the quote "[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.". Author of this quote is James Grant. This quote is about firsts, time, banking, no doubt, doubt, made, loan, opening,.