J. P. Morgan

From Wikiquote
Jump to navigation Jump to search
John Pierpont Morgan
Morgan's role in the economy was denounced as overpowering in this political cartoon

John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time.

Quotes[edit]

  • It will fluctuate.
    • Said of the stock market, as quoted in Jean Strouse, Morgan: American Financier (Random House, 1999), p. 11
  • I owe the public nothing.
    • Quoted in the New York World (11 May 1901) during the Northern Pacific Corner. See Morgan: American Financier by Jean Strouse

Testimony to the Pujo Committee (1912)[1][edit]

  • The first thing [in credit] is character … before money or anything else. Money cannot buy it.… A man I do not trust could not get money from me on all the bonds in Christendom. I think that is the fundamental basis of business.
  • Money is gold, and nothing else.
    • Often misquoted as: Gold is money. Everything else is credit. Or: Gold and silver are money ...
  • Untermyer: Is not commercial credit based primarily upon money or property?
    Morgan: No, sir; the first thing is character.


Attributed[edit]

  • If you have to ask the price, you can't afford it.
    • About purchasing a yacht; quoted in "Business Education World" (Gregg Publishing Company, 1961)
  • Well, I don't know as I want a lawyer to tell me what I cannot do. I hire him to tell how to do what I want to do.


External links[edit]

Wikipedia
Wikipedia has an article about: