Andrew Mellon: Gentlemen Bonds
on Wednesday, April 20, 2022Andrew Mellon Money Quote saying that investors could be gentlemen. Andrew Mellon said:
“Gentlemen prefer bonds” — Andrew Mellon
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In this quote, Andrew Mellon seems to be making an observation, a play on words referencing the 1953 film “Gentlemen Prefer Blondes.” Given the similar phrasing and time period, it’s almost certainly a joking reference or allusion to that well-known movie title rather than a serious comment on the investing habits of wealthy individuals.
Overall, Mellon appears to have felt bonds were the investment vehicle of choice for upper class, well-to-do investors seeking stability and reliable returns. The quote presents bonds as the preferred means of deploying capital among those of high socioeconomic standing referred to as “gentlemen” in Mellon’s time.
Birthday: March 24, 1855 – Death: August 26, 1937