The Economic Times

Wealth quote of the day by JP Morgan: The first thing (in credit) is character before money.

wealth quote: J.P. Morgan emphasized that a borrower's character is paramount in credit, even more so than wealth or assets. He believed integrity and a commitment to repaying loans, regardless of financial hardship, are the true guarantees for lenders. This principle underscores that trust and a borrower's nature are fundamental to lending.