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
Complexity and interconnectedness matter as much as size in assessing risk in banking.
Henry PaulsonRead
The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their shareholders.
John C. BogleRead
Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.
Warren BuffettRead
If you're trading individual securities, you're almost certainly making a mistake. Because most professional managers can't outperform their benchmarks, and there's little reason to think that individuals can.
Richard ThalerRead
If you make time each month to give your money some attention, you'll start the next year in fabulous financial shape.
Suze OrmanRead
Saving is a fine thing. Especially when your parents have done it for you.
Winston ChurchillRead