Thursday, July 12, 2012

Jim Grant on CNBC

Some great quotes from bow-tie fan Jim Grant who penned a must-read article on Gold in CFA Magazine (The Golden Rule):

"I'm a glass half empty guy"
"The Fed is not out of bullets, but the problem is its gun shoots backwards"
"The trouble with Europe is they work 5 hours a day"

And, finally, an investment recommendation:
"You plant black walnut trees, and in 30 years they flower to $1000 each, and you pay 5 bucks for them. That's a zero coupon tree. That's where you get yield."

No comments:

Post a Comment