Quote of the day: “If you have to ask how much it costs, you can’t afford it” is one of JP Morgan’s favorite lines.
JP Morgan is considered one of the most powerful bankers of the early 20th century. He once spoke about wealth, exclusivity and mindset, suggesting how one can determine and improve one’s financial stability with a single question – Can I afford it?
What does this mean
The quote simply means that expensive items, whether luxury purchases, investments, or opportunities, are meant for people who can pay for them without thinking about the price. If someone has to ask about the price before buying, it might be beyond their financial limit and therefore not a smart move.
How to use it
In today’s world where everyone is chasing luxury and the status economy, Morgan’s words remain relevant. The quote symbolizes the old-money culture of high luxury and discretion that continues to grow today. In such scenarios, prices are almost irrelevant compared to status, access and privileges. It can be used to emphasize exclusivity and also, ironically, to criticize it.
About JP Morgan
JP Morgan was an American banker and financier who played a key role in shaping the modern financial system in the late 19th and early 20th centuries. He was one of the most powerful figures on Wall Street, responsible for the formation of large corporate empires and the stabilization of the American economy. He founded JPMorgan & Co, which later became JPMorgan Chase & Co.
JP Morgan executive controversy
Recently, the company made headlines after an employee was accused of sexually harassing a junior, the Daily Mail reported on April 29.
Read also | Who is Chirayu Rana, the man behind the sexual abuse allegations against Lorna Hajdini?
News reports said Lorna Hajdini, 37, allegedly drugged a married junior employee and subjected him to racial abuse and threatened his career. The lawsuit was reportedly filed in New York Supreme Court on Monday (April 27) by a complainant identified only as John Doe.
Although Lorna Hajdini continues to trend on social media, she responded to the allegations in a statement released to The New York Post through her lawyers. It read: “Lorna categorically denies the allegations. She has never engaged in any inappropriate behavior of any kind with this individual and was never at the location where the alleged sexual assault allegedly took place.”
Read also | JPMorgan breaks silence on Lorna Hajdini sexual abuse case: What the firm said
She, who is said to be the chief financial officer of JPMorgan Chase, has reportedly deleted or deactivated her LinkedIn account. Live Mint could not independently verify these claims.
In the meantime, check out more JP Morgan quotes:
-Go as far as you can see; when you get there you will be able to see further.
-When you expect things to happen – surprisingly – they do.
-A man generally has two reasons for doing something. One that sounds good and real.
-Well, I don’t know, because I want a lawyer to tell me what I can’t do. I hired him to tell me how to do what I wanted.
-No problem can be solved until it is reduced to some simple form. The transformation of a vague difficulty into concrete, concrete form is a very essential element of thinking.
– A man always has two reasons why he does something: a good reason and a true reason.
