[...]Untermyer did not, apparently, think much of this answer, for he repeated his proposition: "Is not commercial credit based primarily upon money or property?"
Morgan: "No sir; the first thing is character."
Untermyer: "Before money or property?"
Morgan: "Before money or property or anything else. Money cannot buy it" - and he elaborated, after a few more questions - "because a man I do not trust could not get money from me on all the bonds in Christendom."[...]
This is an interesting part of the book I'm reading called Morgan - American Financier; by Jean Strause. I'm sure it is worth it.
No comments:
Post a Comment