Millionaires don't have astrologers, billionaires do.
J. P. MorganRead
Any man who is a bear on the future of this country will go broke.
Interpretation
What this quote means
Being overly pessimistic about the future can lead to poor financial decisions.
J. P. Morgan's quote suggests that a negative outlook on the future is detrimental not only to an individual's expectations but also to their financial success. It emphasizes the importance of optimism and faith in the country's progress and potential growth as essential for prosperity, particularly in economic endeavors.
Themes
FutureOptimismFinanceSuccessPessimism
In practice
Example use cases
During a presentation on investment strategies, you could use this quote to emphasize the importance of a positive outlook.
More from J. P. Morgan
All quotes βGold is money and nothing else.
J. P. MorganRead
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.
J. P. MorganRead
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.
J. P. MorganRead
A man always has two reasons for doing anything: a good reason and the real reason.
J. P. MorganRead
Similar quotes
The world of derivatives is full of holes that very few people are really aware of. It's like hydrogen and oxygen sitting on the corner waiting for a little flame.
Charlie MungerRead
Working for company X and having a substantial portion of your retirement plan in company X is simply exposing yourself to too much risk, because the company is both your employer and the source of your retirement income. So if something goes wrong, you lose both your job and your retirement plan.
John C. BogleRead
Mutual funds with superior performance records often falter.
John C. BogleRead
You will either learn to manage money, or the lack of it will manage you.
Dave RamseyRead
The borrowers will always be willing to take a great deal for themselves. Itβs up to the lenders to show restraint, and when they lose it, watch out.
Michael BurryRead
I am more and more impressed with the possibilities of history's repeating itself on many different counts. You don't get very far in Wall Street with the simple, convenient conclusion that a given level of prices is not too high.
Benjamin GrahamRead