Millionaires don't have astrologers, billionaires do.
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.
Interpretation
What this quote means
Complex problems need to be simplified to find effective solutions.
J. P. Morgan emphasizes the importance of breaking down complex challenges into simpler, more manageable parts. This process of clarifying and specifying difficulties allows for clearer thinking and ultimately leads to effective problem-solving strategies.
Themes
Problem SolvingSimplicityClarityThinkingChallenges
In practice
Example use cases
During a team meeting, one might reference this quote while discussing how to tackle a complex project by breaking it down into smaller tasks.
More from J. P. Morgan
All quotes →Gold is money and nothing else.
J. P. MorganRead
Any man who is a bear on the future of this country will go broke.
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
It is up to us to give ourselves recognition. If we wait for it to come from others, we feel resentful when it doesn't, and when it does, we may well reject it.
Spencer TracyRead
The question the doubter does not ask is whether faith was really useless or simply not used. What would you think of a boy who gave up learning to ride a bicycle, complaining that he hurt himself because his bicycle stopped moving so he had no choice but to fall off? If he wanted to sit comfortably while remaining stationary, he should not have chosen a bicycle but a chair. Similarly faith must be put to use, or it will become useless.
Os GuinnessRead
They say everything can be replaced, Yet every distance is not near. So I remember every face Of every man who put me here. I see my light come shining From the west unto the east. Any day now, any day now, I shall be released.
Bob DylanRead
The people with very hard problems are understood by God. He knows what wretched machines they are trying to drive. Some day he will fling them away and give those people new ones; then they may astonish everyone, for they learned their driving in a hard school. Some of the last will be first and some of the first will be last.
C. S. LewisRead
Every nation whose affairs betray a want of wisdom and stability may calculate on every loss which can be sustained from the more systematic policy of its wiser neighbors.
James MadisonRead
It is no weakness for the wisest man to learn when he is wrong.
SophoclesRead