Bunker Hunt Quotes

I lifted my wand, hoping she would see this as a dramatic move, not a threat. “Why once, in my bunker at Charing Cross Station, I stalked the deadly prey known as Jelly Babies.” Neith’s eyes widened. “They are dangerous?” “Horrible,” I agreed. “Oh, they seem small alone, but they always appear in great numbers. Sticky, fattening—quite deadly. There I was, alone with only two quid and a Tube pass, beset by Jelly Babies, when…Ah, but never mind. When the Jelly Babies come for you…you will find out on your own.” She lowered her bow. “Tell me. I must know how to hunt Jelly Babies.” I looked at Walt gravely. “How many months have I trained you, Walt?” “Seven,” he said. “Almost eight.” “And have I ever deemed you worthy of hunting Jelly Babies with me?” “Uh…no.

To be successful, you must decide exactly what you want to accomplish, then resolve to pay the price to get it.

Just before Thanksgiving, I met with Bunker Hunt, then the richest man in the world, at the Petroleum Club in Dallas. Bud Dillard, a Texan friend and client of mine who was big in the oil and cattle businesses, had introduced us a couple of years before, and we regularly talked about the economy and markets, especially inflation. Just a few weeks before our meeting, Iranian militants had stormed the U.S. embassy in Tehran, taking fifty-two Americans hostage. There were long lines to buy gas and extreme market volatility. There was clearly a sense of crisis: The nation was confused, frustrated, and angry. Bunker saw the debt crisis and inflation risks pretty much as I saw them. He’d been wanting to get his wealth out of paper money for the past few years, so he’d been buying commodities, especially silver, which he had started purchasing for about $ 1.29 per ounce, as a hedge against inflation. He kept buying and buying as inflation and the price of silver went up, until he had essentially cornered the silver market. At that point, silver was trading at around $ 10. I told him I thought it might be a good time to get out because the Fed was becoming tight enough to raise short-term interest rates above long-term rates (which was called “inverting the yield curve”). Every time that happened, inflation-hedged assets and the economy went down. But Bunker was in the oil business, and the Middle East oil producers he talked to were still worried about the depreciation of the dollar. They had told him they were also going to buy silver as a hedge against inflation so he held on to it in the expectation that its price would continue to rise. I got out.

With Bob Dylan, Black Panther Eldridge Cleaver, and convicted Watergate lawyer Charles Colson proudly declaring to be 'born again,' Newsweek and Time called 1976 'the Year of the Evangelical.' The most famous 'born-again' Christian in the United States that year, however, was president-elect James Earl Carter. That same year, Francis Schaefer wrote How Should We Then Live, explicitly arguing that proliferating pornography, accelerating abortion rates, prohibition of prayer in public school, and other examples of 'secular humanism' were the work of Satan. It was the mission of evangelical Christians to save the country from Satan by taking back their government. Schaefer was central in bringing evangelical Christians to politics, but he was a reclusive intellectual theologian living on a mountaintop in Switzerland. His clarion call would not have been distributed so extensively without an infusion of money from Nelson Bunker Hunt. The rotund international oilman bankrolled a documentary adaptation of How Should We The n Live. A phenomenal success, the film convinced thousands of evangelical Christian that a culture war was afoot, and they had an obligation to take the fight to Satan by abandoning any past reluctance to engage in politics.