Testimony to the Pujo Committee (1912)
Untermyer: Is not commercial credit based primarily upon money or property?
Morgan: No, sir; the first thing is character.
Testimony to the Pujo Committee (1912)
J. P. Morgan:
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Said of the stock market, as quoted in Jean Strouse, Morgan: American Financier (Random House, 1999), p. 11
“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)
Attributed
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)
