"No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking"
About this Quote
Morgan is selling a philosophy that looks like humility but functions as power: the person who gets to define the problem often gets to control the outcome. “Reduced to some simple form” isn’t just a mental trick; it’s a managerial move. In finance, complexity is both camouflage and currency. Turning “a vague difficulty” into something “specific, concrete” is how you make uncertainty legible enough to price, insure, negotiate, and ultimately profit from.
The intent is practical, almost procedural: stop arguing about fog and start drawing boundaries. But the subtext is sharper. “Reduce” implies hierarchy. Someone has to do the reducing, and in Morgan’s world that someone is the banker, the dealmaker, the fixer in the room with the ledger. Simplicity here isn’t innocence; it’s leverage. When a messy social or industrial situation becomes a clean category on paper, it can be owned, managed, and bundled into a decision.
Context matters: this is Gilded Age thinking, forged in an economy lurching through panics, consolidations, and the birth of modern corporate bureaucracy. Morgan famously stepped into chaos - railroads overbuilt, banks overexposed, markets spooked - and imposed order by forcing narratives into numbers and numbers into terms. The line flatters rationality, but it also normalizes a worldview where whatever can’t be made “concrete” risks being dismissed as unserious. It’s a creed for boardrooms: clarity is not merely understanding; it’s authority.
The intent is practical, almost procedural: stop arguing about fog and start drawing boundaries. But the subtext is sharper. “Reduce” implies hierarchy. Someone has to do the reducing, and in Morgan’s world that someone is the banker, the dealmaker, the fixer in the room with the ledger. Simplicity here isn’t innocence; it’s leverage. When a messy social or industrial situation becomes a clean category on paper, it can be owned, managed, and bundled into a decision.
Context matters: this is Gilded Age thinking, forged in an economy lurching through panics, consolidations, and the birth of modern corporate bureaucracy. Morgan famously stepped into chaos - railroads overbuilt, banks overexposed, markets spooked - and imposed order by forcing narratives into numbers and numbers into terms. The line flatters rationality, but it also normalizes a worldview where whatever can’t be made “concrete” risks being dismissed as unserious. It’s a creed for boardrooms: clarity is not merely understanding; it’s authority.
Quote Details
| Topic | Reason & Logic |
|---|
More Quotes by P. Morgan
Add to List






