Sublime

There is never a shortage of people with ideas in our world, but there are very few people who know how to successfully implement a good idea, which is more valuable than thinking about a thousand of good ideas at home.

J. S. Morgan’s core business was short-term trade finance, “discounting bills,” as it was called. Its primary customers were American cotton or iron merchants. They typically sold their goods on credit, taking back a piece of paper, or “bill of exchange,” which could be cashed at a specific bank such as Barings at some set future date. If a merchan