Jamie Dimon Quotes and Sayings - Page 1
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“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 -
“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 -
“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 -
“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 -
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“All businesses tend to pass costs onto customers.”
-- Jamie Dimon -
“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 -
“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 -
“I am struck that so many of our leaders in the U.S. forget how strong our country can be.”
-- Jamie Dimon -
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“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 -
“It's offensive to me to be called a cost cutter,”
-- Jamie Dimon -
“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 -
“The term 'too big to fail' must be excised from our vocabulary.”
-- Jamie Dimon -
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“We're going to do the right thing for the company and our customers, all things considered.”
-- Jamie Dimon -
“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 -
“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 -
“No one can forecast the economy with certainty.”
-- Jamie DimonSource : "Improving Housing Market Driving Economy: Jamie Dimon" by Margo D. Beller, www.cnbc.com. March 28, 2012.
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“The government has the right to change laws and rules and regulations.”
-- 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.”
-- 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.”
-- Jamie Dimon -
“Businesses can be opaque. They are complex. You don't know how aircraft engines work either.”
-- Jamie DimonSource : "JPMorgan CEO Hits Back at Policymakers in Davos" by Yousef Gamal El-Din, Antonia van de Velde, www.cnbc.com. January 23, 2013.
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“I am not embarrassed to be a banker. I am not embarrassed to be in business.”
-- Jamie Dimon -
“When the government gets involved in pricing, I don't think it's the right way to look at a business.”
-- Jamie Dimon -
“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 -
“You know, the benefit in life is to say, 'Maybe you made a mistake, let's dig deep.”
-- Jamie DimonSource : "What Jamie Dimon didn't tell you on 'Meet the Press'" by Michael Hiltzik, articles.latimes.com. May 14, 2012.
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“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 -
“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 -
“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 -
“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 -
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“Our plate is full. We have a lot to do building our company organically and that is our key focus.”
-- Jamie Dimon -
“Just because we're stupid doesn't mean everybody else was.”
-- Jamie Dimon
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