“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.” IfsWellsHardEnoughGrowthImpossibleOrdinaryRedRateManageWeedOfficersFlagsBankingExceptionalExpandingLoanLendingSaying YesRed Flags Author:James Grant
“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.” PeopleWorldFormAsksNumbersPaperCapacityGoldBiggerInstitutionsDefinitionsGladManageDividedFormulasDividesBullsUncomplicatedPaper MoneyBull MarketsGold Price Author:James Grant
