Investing · Entrepreneur memoirs
P. T. Barnum:The Art of Money Getting, Excerpt 46
P. T. Barnum《The Art of Money Getting》· The Art of Money Getting · Investing
You reflect that he is worth twenty thousand dollars, and you incur no risk by endorsing his note; you like to accommodate him, and you lend your name without taking the precaution of getting security. Shortly after, he shows you the note with your endorsement canceled, and tells you, probably truly, "that he made the profit that he expected by the operation," you reflect that you have done a good action, and the thought makes you feel happy. By and by, the same thing occurs again and you do it again; you have already fixed the impression in your mind that it is perfectly safe to indorse his notes without security.
Source:
https://www.gutenberg.org/ebooks/8581
Locator:Excerpt 46 · Verified:2026-10-19 · Verification:Short excerpt
Today's question
Does this passage change one judgment about money or risk today?
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