"Gentlemen prefer bonds"
- Andrew Mellon
About this Quote
This quote by Andrew Mellon is typically interpreted as a metaphor for the significance of stability and security in life. Mellon was an American banker, industrialist, and political leader who acted as the Secretary of the Treasury from 1921 to 1932. He was a strong supporter of fiscal responsibility and believed that the government needs to be run like a company. By saying "Gentlemen choose bonds," Mellon was suggesting that individuals ought to purchase secure, long-lasting investments such as bonds, instead of taking dangers with their cash. He was also suggesting that individuals need to be sensible and responsible with their finances, and that they must not be tempted by get-rich-quick schemes. This quote is a tip that monetary security is essential, which it is wise to buy trusted, long-term financial investments.
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