James Grant (finance)
|Alma mater||Indiana University|
James "Jim" Grant (born 26 July 1946) is an American writer and publisher. The founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets, he is the author of Money of the Mind (1992), The Trouble with Prosperity (1996), John Adams: Party of One (2005), Mr. Speaker: The Life and Times of Thomas B. Reed, the Man Who Broke the Filibuster (2011), and The Forgotten Depression (2014) among other works. His most recent publication is Bagehot: The Life and Times of the Greatest Victorian (2019), a biography of the brilliant and influential English banker, economic and political writer, and editor of the Economist, whose ideas about central banking informed the U.S. Federal Reserve's response to the Global Financial Crisis of 2007-09.
He began his journalistic career at the Baltimore Sun in 1972 and joined the staff of Barron's in 1975. He founded Grant's in 1983. Success was some time in coming. "A critic complained that Money of the Mind, my . . . history of American finance, was like an account of the interstate highway system written from the point of view of the accidents," Grant wrote in Minding Mr. Market (1993). "The same might be said, both fairly and unfairly, of Grant's. Where most observers of the 1980s emphasized the rewards, we dwelled mainly on the risks. In the junk bond, in the reckless patterns of bank lending, in the dementia of Japanese finance, in the riot of the Treasury's borrowing, we saw not the bull markets of today but the comeuppance of tomorrow."
However, the publication's signature skepticism served it, and its readers, better in the 2000s. Mr. Market Miscalculates (2008), a collection of Grant's articles published over the preceding 10 years, elicited an appreciative review in the Financial Times. "If Grant could see what was happening this clearly," wrote John Authers of the staff of the FT, "and warn of it in a well-circulated publication, how did the world's financial regulators fail to avert the crisis before it became deadly, and how did the rest of us continue to make the irrational investing decisions that make Mr. Market behave the way he does?"
- 1983: Bernard M. Baruch: The Adventures of a Wall Street Legend 1997 pbk edition
- 1992: Money of the Mind; 1994 pbk edition
- 1993: Minding Mr. Market; 2000 pbk edition
- 1996: The Trouble with Prosperity: A Contrarian's Tale of Boom, Bust, and Speculation
- 2005: John Adams: Party of One pbk edition
- 2008: Mr. Market Miscalculates: The Bubble Years and Beyond 
- 2011: Mr. Speaker!: The Life and Times of Thomas B. Reed, the Man Who Broke the Filibuster 2012 pbk edition
- 2014: The Forgotten Depression
- 2019: Bagehot: The Life and Times of the Greatest Victorian
- American Book Publishing Record, Volume 44, R.R. Bowker Company. Bowker., 1995. Pg. 300 provides a birth date of 1946 under the book record for Minding Mr. Market.
- "About James Grant". Grant's Interest Rate Observer. Retrieved August 21, 2011.
- "Patricia Kavanagh, M.D." Retrieved August 21, 2011.
- Grant, James (1993). Minding Mr. Market : ten years on Wall Street with Grant's interest rate observer (1st ed.). New York: Farrar Straus Giroux. pp. xiii. ISBN 0-374-16601-3.
- Authers, John (November 24, 2008). "Profit from the Prophesies of Doom". The Financial Times. Retrieved August 21, 2011.
- "UCLA Anderson School of Management Announces 2015 Gerald Loeb Award Winners". UCLA Anderson School of Management. June 24, 2015. Retrieved January 31, 2019.
- Baier, Brett (October 26, 2011). Special Report Online: Ron Paul (Television production). Fox News. Retrieved October 27, 2011.
He's an Austrian economist, he has experience on Wall Street, he's brilliant, he's a good historian, he would quit printing money.
- "Review of Bernard M. Baruch by James Grant". Kirkus Reviews. November 1, 1983.
- "Review of Minding Mr. Market". Publishers Weekly. January 31, 2000.
- Rothchild, John (November 10, 1996). "Review of The High-Risk Society by Michael J. Mandel and The Trouble with Prosperity by James Grant". NY Times.
- Rollyson, Carl (March 9, 2005). "Biography as Sheer Narrative Force". The New York Sun.
- "Review of Mr. Market Miscalculates". Publishers Weekly. September 22, 2008.
- "Nonfiction Review of Mr. Speaker!: The Life and Times of Thomas B. Reed, the Man Who Broke the Filibuster". Publisher's Weekly. Retrieved March 24, 2011.
- Pethokoukis, James (January 23, 2015). "Review of The Forgotten Depression". NY Times.
- "Nonfiction Review of Bagehot: The Life and Times of the Greatest Victorian". New York Times. July 23, 2019.