"The only research that I pay for."

—Jeffrey Gundlach, founder and CEO, DoubleLine Capital, LP.

Our editorial mission is to see the present more clearly and to squint into the future more imaginatively. Twenty-four times a year, we strive to uncover good ideas and to expose bad ones. To identify the next important event in markets is the main prize. We try hard to win it, and sometimes—as with the 2008 mortgage meltdown and 2009 recovery in credit or the 2015 “specialty pharmaceuticals” industry belly flop—we succeed. 

In every 12-page issue, we present long and short investment candidates in a range of asset classes -- equities, fixed income and real-estate to name a few—as well as astute observations on interest rates, monetary policy, the credit markets and currencies. All of this we frame in the context of financial history and express in jargon-free English.

Recent issues of Grant’s have featured analyses of the cycles of interest rates, of income opportunities across the credit spectrum, and why Fed chairman Jerome Powell is a “prisoner of history.” Where can an income-seeking investor earn a suitable yield offered at a deeply discounted price? What investment product might play the role of financial villain in a future House of Representatives committee meeting?

The Financial Times columnist John Authers, reviewing the 2008 collection of Grant’s articles entitled “Mr. Market Miscalculates,” called our prescience concerning the-then unfolding financial crisis “uncanny.” And he asked, “If Grant could see what was happening this clearly, 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?”

Please help yourself to the free issues provided. Reading Grant’s—really reading it—you will find you ask better questions, read better books, and keep company with a better class of investment.

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About James Grant

James Grant founded Grant's Interest Rate Observer in 1983 following a stint at Barron's, where he originated the "Current Yield" column.

His books include works of financial history, finance and biography. They are: “Bernard M. Baruch: The Adventures of a Wall Street Legend” (Simon & Schuster, 1983); “Money of the Mind: Borrowing and Lending from the Civil War to Michael Milken” (Farrar, Straus & Giroux, 1992); “Minding Mr. Market” (Farrar, Straus & Giroux, 1993); “The Trouble with Prosperity” (Times Books, 1996);  “John Adams: Party of One” (Farrar, Straus & Giroux, 2005); “Mr. Market Miscalculates” (Axios Press, 2008); and “Mr. Speaker! The Life and Times of Thomas B. Reed, the Man Who Broke the Filibuster” (Simon & Schuster, 2011).

 

Books by James Grant View All

Bagehot: The Life and Times of the Greatest Victorian

The definitive biography of one of the most brilliant and influential financial minds?banker, essayist, and editor of the Economist...

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The Forgotten Depression: 1921: The Crash That Cured Itself

By the publisher of the prestigious Grant’s Interest Rate Observer, an account of the deep economic slump of 1920–21 that proposes, with respect to federal intervention, “less is more...

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Mr. Speaker!: The Life and Times of Thomas B Reed, the Man Who Broke the Filibuster

“It is good to have this excellent biography of Thomas Reed, a vastly underappreciated major figure in American political history...

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Mr. Market Miscalculates:The Bubble Years & Beyond

“James Grant’s Mr. Market Miscalculates may well be the most perceptive book on the current financial crisis yet published...

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Hand-Picked Grant's

What delights await a Grant’s subscriber? Read the free sampler of complete issues to find out.

Current Issue

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Interest rates on wheels

Its business model depended on everything we’ve learned about transportation economics being totally wrong...

Recession, ahoy!

What we’re seeing is something very unusual taking place in the context of what is supposed to be an expanding global economy,” observed David Rosenberg, leadoff speaker at the Fall 2019 Grant’s conference, “and where do you think bond yields are going to go if the stock market crashes?

Progress of the age

Cascading digital progress just may cause inflation "to be structurally lower (and earnings growth and valuations structurally higher) than history may predict...

‘Your biggest mistake’

The greatest correlated belief of institutional and intelligent investors probably in the past 25 years is in the most wonderful asset class ever invented...

Bums’ rush

Low cost is actually a very costly decision, and that passive thing is acting quite aggressively...

Fall and redemption

The strange thing about technology is it is a badge of honor to get completely wiped out as long as you come back...

Progress in reverse

We’re going to inflate – that’s what the history of major economies is...

The great debate

While it can’t be said that the 10th president of the New York Fed and your editor agreed on everything, they did concur that money is not humanity’s best subject...

Large, unbeatable numbers

The cycle’s signature big-spending, go-for-growth business model is a co-product of the cycle’s signature low interest rates, but there are non-monetary limits to profitless revenue expansion...

Community activists

Profitable, sound and well-capitalized are a quartet of Grant’s picks to click, though you wouldn’t know it from the “limited engagement” of the buy side, or what might otherwise be characterized as nobody much caring...

Promiscuity runs rampant

It isn’t every day a CEO pens a 10-page, 4,989-word letter to explain disappointing quarterly results...

What You'll Get...

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  • Ideas both long and short across a range of asset classes
  • 35+ years of archived material --yours to browse for free
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  • Writing you’d read for pleasure alone.

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