Best 187 of Jamie Dimon quotes - MyQuotes

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Jamie Dimon
By Anonym 15 Sep

Jamie Dimon

Unraveling the euro is a terrible thing. This is a 50-year endeavor to get this continent together and that's a wonderful endeavor.

By Anonym 13 Sep

Jamie Dimon

It can take a long time to get the rules in place that are conducive to growing, sometimes.

By Anonym 13 Sep

Jamie Dimon

I agree with people who say we want more income equality; we want more consumer protection; and we want sounder banks. I agree with all that.

By Anonym 14 Sep

Jamie Dimon

Now the Japanese companies are more focused on that. To have two independent directors - I think it's good to have outside people look at you and think of what you could be doing better. Those are voluntary, but most of the companies told me they're going to do it. And I think it's good for them to say our returns on equity, for example, should be higher. Also, I think some could be more ambitious.

By Anonym 13 Sep

Jamie Dimon

If you went to all those little towns in America, JPMorgan was there in good times and bad times, and, in fact, helped a lot of people through the tough times. And we know that's when they need us the most.

By Anonym 13 Sep

Jamie Dimon

Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.

By Anonym 13 Sep

Jamie Dimon

If you talk to anyone involved in business - forget banks and big business - talk to small businesses - do it yourself, don't ask me - they'll tell you it's crippling. Small-business formation is the lowest it has ever been in a recovery, and it's really for two reasons. One is regulations and the second is access to capital for people starting new businesses.

By Anonym 14 Sep

Jamie Dimon

The economic union - creating a big common market, like the United States, so that you can compete across borders. There are common rules, regulations, and simplification, and that is still a good reason, too. When they put their monetary union together, that created a rigidity that made it hard for currency fluctuations. They don't really have a solution to that.

By Anonym 14 Sep

Jamie Dimon

It might be harder for us to charge a higher interest rate, like they do, so it might not be as profitable for us. But we can either compete or partner, like we've announced with On Deck, which does some of the stuff we just spoke about.

By Anonym 13 Sep

Jamie Dimon

Good regulation should be conducive to business and to customer protection.

By Anonym 13 Sep

Jamie Dimon

I don't mind paying higher taxes, because I've done quite well and I'm blessed to live in this country.

By Anonym 13 Sep

Jamie Dimon

I'm a really big believer - this is not a statement about President [Barack] Obama, but whoever is president - that good policy is really important.

By Anonym 14 Sep

Jamie Dimon

I wanted to start by saying that the eurozone - there are two reasons they formed the European Union. One is for political peace and rationalization. And I think that's a good thing for a continent that went through hundreds of years of wars.

By Anonym 15 Sep

Jamie Dimon

There are two types of depreciation. There is one where you're manipulating currencies. And that's not what Japan is doing.

By Anonym 15 Sep

Jamie Dimon

When you walk into a store and you want to buy something, you give them cash and they sell it to you. But very often, you walk into our "store" and you want something - a credit card, maybe, or a loan - and very often the answer is "No," even if you're a large corporation.

By Anonym 13 Sep

Jamie Dimon

I advise other companies' CEOs, don't fall into the trap where you go, 'Where's the growth? Where's the growth?' Where's the growth?' They feel a tremendous pressure to grow. Well, sometimes you can't grow. Sometimes you don't want to grow. In certain businesses, growth means you either take on bad clients, excess risk, or too much leverage.

By Anonym 15 Sep

Jamie Dimon

We have built a very good company, and we're proud of it. We also recognize that much of it has been built on the shoulders of the thousands of employees and leaders who have worked here before us.

By Anonym 13 Sep

Jamie Dimon

Businesses can be opaque. They are complex. You don't know how aircraft engines work either.

By Anonym 13 Sep

Jamie Dimon

Companies that build scale for the benefit of their customers and shareholders more often succeed over time.

By Anonym 15 Sep

Jamie Dimon

The toughest are people mistakes, when you put the wrong person in a job. Sometimes you're too slow to move them out. Or not getting the right people involved to solve a problem, or doing something out of anger; you learn, just don't do that. But I'd have to say the Whale was one of them, and I would also have to put Bear Stearns and Washington Mutual on the list at this point.

By Anonym 14 Sep

Jamie Dimon

It's an advantage for both parties to have the other. It also creates good stability of earnings. Our business mix means we have a diversified earnings stream, which is one of the things why we got through the tough times so successfully.

By Anonym 14 Sep

Jamie Dimon

I want you to say to me right from the start, "We are here to serve customers. We're not here for me to make a lot of money. We're not here to bet on interest rates or credit spreads. We are here to serve our customers really well over a long period of time, and that's how you build a successful business." And so I want to see that, too, you know?

By Anonym 15 Sep

Jamie Dimon

We got a lot of excellent people and businesses from Bear and WaMu. But Bear definitely was more painful. WaMu got us into Florida, California, and other states, which was a huge benefit - to expand and grow and add middle-market, private banking, investment banking, and other products, too.

By Anonym 15 Sep

Jamie Dimon

You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, It could have been much better.

By Anonym 14 Sep

Jamie Dimon

People always say to me, "What if it doesn't work?" If it doesn't work, we redouble our effort. We're not going to cry like a bunch of babies. We're going to redouble our effort.

By Anonym 14 Sep

Jamie Dimon

It is vital for officials and regulators to have input from people within our businesses who understand the intricacies of how financial markets operate and the consequences of certain policy decisions.

By Anonym 15 Sep

Jamie Dimon

When people talk about people being left behind - middle wages have not gone up for years, and we should recognize that, and there I think we need growth and skills - but there are these other people who have been left behind. When I say out loud, "Fifty percent of inner-city schoolkids do not graduate from high school," that is a national catastrophe. We should be ringing the alarm bells. It's not fair.

By Anonym 14 Sep

Jamie Dimon

More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.

By Anonym 15 Sep

Jamie Dimon

We've accommodated the new rules and regulations. We've served our clients and had quite good returns.

By Anonym 14 Sep

Jamie Dimon

The best thing to do is muddle through and maybe, over time, create a solution of that, if someone really wanted to exit, the legal basis on which you could exit. Because right now there almost doesn't exist one.

By Anonym 13 Sep

Jamie Dimon

I hope the story of 2011 is that America gets its mojo back. You've got to remember that America has the best universities; it's got some of the best businesses. It's got an unbelievable work ethic, rule of law. The story of 2011 will be America blossoming again.

By Anonym 13 Sep

Jamie Dimon

I haven't studied it deeply, but the American banks started the crisis with far more capital and what I would call "good liquidity." The riskiest funding is unsecured wholesale funding. It's the most fickle. Not repo, which the government focused on, too. Unsecured. JPMorgan Chase had almost none of that - virtually zero.

By Anonym 13 Sep

Jamie Dimon

After the tsunami in Japan, we were open for business. In fact, I flew there 10 days after the tsunami to show our support for the Japanese people.

By Anonym 15 Sep

Jamie Dimon

We, Americans, have the best country on the planet. We have schools, universities, food, water, energy, peaceful neighbors, low corruption, you name it, deepest and widest capital markets. That doesn't mean we shouldn't identify problems. We don't have a divine right to success.

By Anonym 15 Sep

Jamie Dimon

The "third arrow" (of structural reform) is critically important. Japan has some of the best companies in the world, and if you look at their technology, their capability, it's extraordinary.

By Anonym 13 Sep

Jamie Dimon

Banks also have to say no to customers. We can't always give clients what they want; it may not be in the client's best interest.

By Anonym 15 Sep

Jamie Dimon

You don't run a business hoping you don't have a recession.

By Anonym 13 Sep

Jamie Dimon

If you look at Detroit, that mayor, it's been a train wreck for 40 years, the population has gone from 2 million to 700,000. This Mayor comes in, and he talked about streetlights, sanitation, jobs, policing, schools, affordable housing. He's doing it all, and it's growing for the first time in 30 years. Literally, one man. But that one man couldn't do it without business. And business couldn't have done it without a political environment where they wanted to improve things. If you had an antibusiness environment there, it would still be down there.

By Anonym 13 Sep

Jamie Dimon

Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them.

By Anonym 15 Sep

Jamie Dimon

We take smaller companies and middle-sized companies, all around the world, and we do currency exchange for them; we raise bonds and equities for them; and we do inventory finance, trade finance, and custody of assets.

By Anonym 13 Sep

Jamie Dimon

If you can't use dividends, it's not a bad thing to give it back to your shareholders. They'll use it somewhere else.

By Anonym 13 Sep

Jamie Dimon

I do want the tax system to be efficient and be conducive to growth, which it is not.

By Anonym 14 Sep

Jamie Dimon

I've been regulated my whole life. We have progressive taxes. It's not a free-market free-for-all. I completely understand that society has a perfectly legitimate right to put in structures and regulations and rules that make it fairer, better, cleaner.

By Anonym 13 Sep

Jamie Dimon

Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, "living wills" (plans for winding down a bank in the event of a collapse) and resolutions.

By Anonym 13 Sep

Jamie Dimon

Finance went from being a small business, effectively, to being a big business. In part, that's the growth of the world's wealth. That's called savings.

By Anonym 13 Sep

Jamie Dimon

All our clients know that we're there, we're steady, we do a good job, we earn a fair return for ourselves, which I think is critical.

By Anonym 13 Sep

Jamie Dimon

I don't like the term "universal bank." The Chinese government legitimately wants to have a very strong economy. When they talk about SOE reform, they know that's part of it.

By Anonym 14 Sep

Jamie Dimon

Manipulating currencies is when you're going into the marketplace and buying something in large amounts to depress the value of the currency.

By Anonym 15 Sep

Jamie Dimon

When you leave people behind, and those people who are left behind, it's not their fault, it's the leaders of the institutions. There's always going to be an elite. You can have an elite in a communist society. It is the leaders, something went wrong, and the leaders collectively are responsible.

By Anonym 14 Sep

Jamie Dimon

I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not really sure what they mean.