July 24, 2011

Those Who Seek The Credit

Excerpt from Wall Street: Financial Capital by Robert Gambee, published by W. W. Norton & Company, New York, 1999:

The new Morgan building is seen from the library of Davis Polk, its counsel of many years. One of Morgan's partners was Dwight Morrow - a lawyer and banker, father of a writer and father-in-law of a famous aviator. In 1933 he wrote to his son, who was graduating from Amherst and about to enter law school,

"The world is basically divided into two camps - those who do the work and those who seek the credit. Try as best as you can to align yourself with the first group because there is a lot less competition."

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