Walter Bagehot Quotes:
Ocupation: Journalist
Life: February 3, 1826 - March 24, 1877
Birthday: February 3
Death: March 24
The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short notice to repay, ought to touch, are those which are easily saleable and easily intelligible.
source: Walter Bagehot (2007). “Lombard Street: A Description of the Money Market”, p.246, Cosimo, Inc.
topic: Simple, Short Notice, Bankers
