Sublime

Social comparison is the problem here.

John Stuart Mill wrote in the 1840s: “I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.”

This is a rare moment when the females and not the males are named in the lineage.

Pierpont Morgan famously wired his house for electricity in 1882—it required a basement generator—but residential electricity would not become standard until the 1920s.

There are many things never worth risking, no matter the potential gain.

Morgan was among the first generation of bankers whose clients were primarily private corporations instead of governments, but there were substantial continuities in approach. His mediations among the railroad barons were very much in the tradition of the supranational financial/diplomatic service operated by the Rothschilds and the Barings in midc

Howie, inside Morgan Stanley, would lose $9 billion on a single mortgage trade, and remain essentially unknown, without anyone beyond a small circle inside Morgan Stanley ever hearing about what he’d done, or why.