JP Morgan viewed character and trust as the bedrock of lending. Quotes:
"Money equals business which equals power, all of which come from character and trust."
Asked: "Is not commercial credit based primarily upon money or property?" "No sir," replied Morgan. "The first thing is character." "Before money or property?" "Before money or anything else. Money cannot buy it...Because a man I do not trust could not get money from me on all the bonds in Christendom."
Users browsing this forum: No registered users and 2 guests
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum
GMAT(TM) and GMAT CAT (TM) are registered trademarks of the Graduate Management Admission Council(TM). The Graduate Management Admission Council(TM) does not endorse, nor is affiliated in any way with the owner or any content of this site.