Jamie Dimon quotes

Companies that grow for the sake of growth or that expand into areas outside their core business strategy often stumble. On the other hand, companies that build scale for the benefit of their customers and shareholders more often succeed over time.
-- Jamie Dimon

#Hands #Growth #Benefits

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.
-- Jamie Dimon

#Fall #Mean #Risk

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.
-- Jamie Dimon

#Real #Book #Writing

JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.
-- Jamie Dimon

#Mistake #Support #Tough

All businesses tend to pass costs onto customers.
-- Jamie Dimon

#Cost

Capping the size of American banks won't eliminate the needs of big businesses; it will force them to turn to foreign banks that won't face the same restrictions.
-- Jamie Dimon

#Needs #Faces #Size

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

#Buffalo #Tents #Eating

I am struck that so many of our leaders in the U.S. forget how strong our country can be.
-- Jamie Dimon

#Country #Strong #Leader

You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.
-- Jamie Dimon

#Looks #Lobbying #Way

It's offensive to me to be called a cost cutter,
-- Jamie Dimon

#Cost #Offensive #Cutters

The transaction reflects our disciplined strategy of investing capital in core businesses where we can leverage scale and expertise for competitive advantage. In addition to being a great strategic fit, the deal is compelling financially.
-- Jamie Dimon

#Investing #Fit #Strategy

The term 'too big to fail' must be excised from our vocabulary.
-- Jamie Dimon

#Motivational #Vocabulary #Failing

We're going to do the right thing for the company and our customers, all things considered.
-- Jamie Dimon

#Leadership #Company #Right Thing

It's good for America when the rest of the world grows, because you can sell more to the rest of the world.
-- Jamie Dimon

#America #World #Grows

It's great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system.
-- Jamie Dimon

#People #Together #Analysis

No one can forecast the economy with certainty.
-- Jamie Dimon

#Economy #Certainty

The government has the right to change laws and rules and regulations.
-- Jamie Dimon

#Government #Law #Regulation

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

#Years #Together #Unraveling

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.
-- Jamie Dimon

#Law #America #Work Ethic

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

#Risk #Opaque #Management

I am not embarrassed to be a banker. I am not embarrassed to be in business.
-- Jamie Dimon

#Bankers #Embarrassed

When the government gets involved in pricing, I don't think it's the right way to look at a business.
-- Jamie Dimon

#Thinking #Government #Looks

You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system.
-- Jamie Dimon

#Design #Principles #Different

You know, the benefit in life is to say, 'Maybe you made a mistake, let's dig deep.
-- Jamie Dimon

#Mistake #Benefits #Life Is

I think the way NOW characterized Smith Barney is disgraceful. I am appalled that an organization like that would not have reserved judgment (until) making their own investigation.
-- Jamie Dimon

#Thinking #Organization #Way

If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder.
-- Jamie Dimon

#Government #Guarantees #Done

The real story in housing will be a recovery in the economy that will drive a recovery in housing, When people are working, when there are more jobs, more households forming and people go back to buying cars, they're going to want their apartments and homes. And that's when you'll start to see a recovery in home prices.
-- Jamie Dimon

#Jobs #Real #Home

The United States has the best, deepest, widest, and most transparent capital markets in the world which give you, the investor, the ability to buy and sell large amounts at very cheap prices. That is a good thing.
-- Jamie Dimon

#Giving #United States #World

Our plate is full. We have a lot to do building our company organically and that is our key focus.
-- Jamie Dimon

#Keys #Focus #Building

Just because we're stupid doesn't mean everybody else was.
-- Jamie Dimon

#Stupid #Mean

We don't think there are cases where people were evicted out of homes when they shouldn't have been.
-- Jamie Dimon

#Home #Thinking #People

No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen.
-- Jamie Dimon

#Years #Banking #Assuming

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

#Stupid #Banking #Waste

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

#Business #Benefits #Succeed

Acting like everyone who's been successful is bad and because you're rich you're bad, I don't understand it,
-- Jamie Dimon

#Successful #Acting #Rich

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.
-- Jamie Dimon

#People #Decision #Input

If the economy grows, housing gets better, quicker.
-- Jamie Dimon

#Get Better #Economy #Housing

If business doesn't thrive, it hurts America. We need improved relations, more collaboration, more thought and more consistency as we go about trying to make sure we have the best country in the world. Not scapegoating and finger-pointing.
-- Jamie Dimon

#Country #Hurt #America

I have gotten disturbed at some of the Democrats' anti-business behavior, the sentiment, the attacks on work ethic and successful people. I think it's very counter-productive.
-- Jamie Dimon

#Successful #Thinking #People

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

#Running #Banking