Quotes About Finance

Most of these highly speculative investments never panned out.

Among the well-intentioned men who were woefully backward in finance, if forward-looking in politics, were Hamilton's three most savage critics of the 1790s: Jefferson, Madison, and Adams. These founders adhered to a static, archaic worldview that scorned banks, credit, and stock markets. From this perspective, Hamilton was the progressive figure of the era, his critics the conservatives.

Pierpont's anti-Semitism was well known.

Gates himself invested in several of the companies he managed for Rockefeller, and in 1902 he cashed in a tidy $500,000 profit.

National City became known as the oil bank, much as J. P. Morgan and Company would be called the steel bank.

The paper currency was depreciating rapidly. Hence, for the first time, Hamilton began to fiddle with ideas for creating a national bank, through a mixture of foreign loans and private subscriptions.

In time, it would become hard to disentangle the House of Morgan from various aspects of Anglo-American policy.

Every company that failed and was reorganized by a bank ended up the bank's captive client.

In Junior's opinion, his sisters were also disqualified because they did not handle their finances in the scrupulous manner demanded by father.

As at Standard Oil, Rockefeller insisted upon keeping a cash balance that never dipped below $10 million.

Since he also had a sizable stake in U.S. government bonds, he felt he could play the market with impunity.

A born contrarian, Rockefeller insisted upon buying in declining markets and selling in rising ones.

Having twice been sued by people for offering incorrect market advice, he refrained from offering stock tips.

By the spring of 1891, Rockefeller began to develop the queasy sense that Harper regarded his money as a blank check to cover annual deficits.

Pierpont not only reorganized roads but locked up their future financing.

In a footnote, Lawson further conceded that Rockefeller never put a dime into the Amalgamated flotation.

Think of pouring out all that money on a whim.

He favored granting Congress supreme power in war, peace, trade, finance, and foreign affairs.

the House of Morgan wasn't a multinational bank but an American bank with partnerships abroad.

He even told me that anxiety and worry about the matter [i.e., university finances] had made him sick

he mostly hoarded his money in preparation for the next panic.

a Morgan partner received a guarantee of riches and a seat on the high council of American finance.

he thought unity among foreign bankers would prevent any single country from exploiting China.

I feel, therefore, that large sums of money are, in a sense, safer there than in other fields.