"I should state that at all times the idea of doing only first class business, and that in a first-class way, has been before our minds." J.P. Morgan, Jr.

In 1933, before the US Senate Committee on Banking and Currency, J.P.Morgan, Jr. gave testimony that set forth some of the best thinking available on how to go about ones work in the right way. At Massif Capital we try to embody some of the ideas J.P. Morgan, Jr espoused, chief among them that:

  • Reputation depends at all times on how we conduct ourselves and it is the foundation of our partners confidence in us.
  • Our reputation is hard earned, dear, and quickly lost.
  • Although we may make mistakes and errors (hopefully very few of them), they must always be mistakes and errors of judgment, never of principle.
  • Integrity must be synanomous with our firm in the mind of our partners.

Please take the time to read the full transcript of J.P Morgan, Jr's testimony before the senate sub-committee →

Although J.P Morgan, Jr's comments cover it all, we recognize we are a bit old fashioned. In our minds, good character is more trustworthy than well-intentioned rules, but people seem to want well-intentioned rules.  With that in mind Massif Capital has adopted the CFA Institute Asset Manager Code of Professional Conduct as our own. The link below will take you to copy of that code:

CFA Institute Asset manager Code of Professional Conduct


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