Grant’s Interest Rate Observer is a Wall St icon. Although it is a favourite in the office, I must admit to being underwhelmed. The publication's editor, Jim Grant, is a wonderful writer with an unmatched flair for words. And he knows it. The newsletter has become, in my humble opinion, an ode to his writing nous rather than a source of investment insight.
Yet Jim Grant himself is full of colour and humour and, as the owner of the finest bow tie collection on Wall St, he is hard to ignore. Even for the unimpressed, his opinions linger.