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“Never under any circumstances do an action which could be called in question if known to the world.”
This pronounced sense of martyrdom made him extremely sensitive to criticism and also shielded him from true self-knowledge.
It was too easy to camouflage selfish impulses by invoking a higher cause as the real cause.
“One of the facets of the art is that if you do not get on with the people you are trying to advise, then you find yourselves out the door.”
He never entirely renounced the founder’s itch to know the most minute details of the business.
the Lehmans began as Alabama cotton brokers; Goldman, as the owner of a Pennsylvania clothing store, Kuhn and Loeb, as Cincinnati clothiers; and Lazard, in a New Orleans dry-goods business.
his specialty being incunabula, books printed before 1500.
the Anglo-French loan would mark the rise of America as the world’s chief creditor nation.
“Charles, never let yourself worry. It is bad for the mind.”40
Financial history teaches us that the desire for oblivion is the necessary precondition for mayhem.
