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TOP 21 Rich Man Quotes by J. P. Morgan

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Wikipedia Summary for J. P. Morgan

John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier and banker who dominated corporate finance on Wall Street throughout the Gilded Age. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was the driving force behind the wave of industrial consolidation in the United States spanning the late 19th and early 20th centuries.

Over the course of his career on Wall Street, J.P. Morgan spearheaded the formation of several prominent multinational corporations including U.S. Steel, International Harvester and General Electric which subsequently fell under his supervision. He and his partners also held controlling interests in numerous other American businesses including Aetna, Western Union, Pullman Car Company and 21 railroads. Due to the extent of his dominance over U.S. finance, Morgan exercised enormous influence over the nation's policies and the market forces underlying its economy. During the Panic of 1907, he organized a coalition of financiers that saved the American monetary system from collapse.

As the Progressive Era's leading financier, J.P. Morgan's dedication to efficiency and modernization helped transform the shape of the American economy. Adrian Wooldridge characterized Morgan as America's "greatest banker". Morgan died in Rome, Italy, in his sleep in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont Morgan Jr. Biographer Ron Chernow estimated his fortune at $80 million (equivalent to $1.2 billion in 2019), a net worth which allegedly prompted John D. Rockefeller to say: "and to think, he wasn't even a rich man."

Quote: Go as far as you can see; when you get there, you'll be able to see farther. by author J. P. Morgan overlaid on photo of two person standing while watching sky
Photo Credit: Yong Chuan Tan

Go as far as you can see; when you get there, you'll be able to see farther.


Quote: You are affluent when you buy what you want, do what you wish and don't give a thought to what it costs. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

You are affluent when you buy what you want, do what you wish and don't give a thought to what it costs.


Quote: You can't unscramble eggs. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

You can't unscramble eggs.


Quote: The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go.


Quote: Giving debt relief to people that really need it, that's what foreclosure is. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

Giving debt relief to people that really need it, that's what foreclosure is.


Quote: 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. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

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.


Quote: The key to living a moral life is this: Do nothing in private that you would be ashamed to discuss openly with your mother. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

The key to living a moral life is this: Do nothing in private that you would be ashamed to discuss openly with your mother.




Quote: Decide that you are not going to stay where you are. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

Decide that you are not going to stay where you are.


Quote: Anybody has a right to evade taxes if he can get away with it. No citizen has a moral obligation to assist in maintaining his government. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

Anybody has a right to evade taxes if he can get away with it. No citizen has a moral obligation to assist in maintaining his government.




Quote: Anyone who has to ask about the annual upkeep of a yacht can't afford one. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

Anyone who has to ask about the annual upkeep of a yacht can't afford one.


Quote: Anyone can be a millionaire, but to become a billionaire you need an astrologer. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

Anyone can be a millionaire, but to become a billionaire you need an astrologer.


Quote: Millionaires don't use astrology...the billionaires do. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

Millionaires don't use astrology...the billionaires do.


Quote: Gold is money. Everything else is credit. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

Gold is money. Everything else is credit.


Quote: A man always has two reasons for doing anything: a good reason and the real reason. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

A man always has two reasons for doing anything: a good reason and the real reason.


Quote: 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. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

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.


Quote: When you expect things to happen -- strangely enough -- they do happen. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

When you expect things to happen -- strangely enough -- they do happen.


Quote: A man generally has two reasons for doing a thing. One that sounds good, and a real one. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

A man generally has two reasons for doing a thing. One that sounds good, and a real one.


Quote: If you have to ask how much it costs, you can't afford it. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

If you have to ask how much it costs, you can't afford it.


Quote: No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking. by author J. P. Morgan overlaid on photo of photo of author J. P. Morgan with quote

No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking.


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