JP Morgan on Character:

 

JP Morgan on Character

Samuel Untermeyer: "Is not commercial credit based primarily upon money or property (collateral)?"
Morgan: "No, sir; the first thing is character."
Untermeyer: "Before money or property (collateral)?"
Morgan: "Before money or anything else. Money cannot buy it.” From Morgan’s testimony before the House Committee on Banking and Currency in December 1912.

Read more: J.P. Morgan: Most Influential Quotes | Investopedia https://www.investopedia.com/university/jp-morgan-biography/jp-morgan-most-influential-quotes.asp#ixzz5XzA1OnWj 
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• JP Morgan once lend $1M to a youngman without any -Chauhan- ♂ (158 bytes) () 11/26/2018 postreply 10:12:25