Quotes by Jamie Dimon - Page 6

At Travelers, we were much more opportunistic. It was very successful, but it wasn't an integrated financial services company. We had a property casualty company, a life company, a brokerage company. We were a financial conglomerate. It wasn't a unified, coordinated strategy of any sort. When it merged with Citi, that became a big issue; Citi, at that time, wasn't yet a fully integrated, coordinated company.
Jamie Dimon / Business Person
Financial
Issues
Successful
Copy Quote
The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change.
Jamie Dimon / Business Person
Advice
Derivatives
People
Copy Quote
Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.
Jamie Dimon / Business Person
Opportunity
Class
Thinking
Copy Quote
My guess is the big Chinese banks will be in 100 countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U.S. at some point. Whether they do or not, or if it's allowed or not, I don't know.
Jamie Dimon / Business Person
Country
Mean
Thinking
Copy Quote
Over the longer term, China will grow by about 6% or 7% per year. The Chinese authorities usually react pretty quickly to unfolding economic events, and you've seen them recently change a whole bunch of policies to be more conducive to growth. They have the power and capability to macromanage the economy - to accomplish their growth objectives - which means they're pretty much going to come close to what they say is going to happen.
Jamie Dimon / Business Person
Chinese
Mean
Years
Copy Quote
Men, age 25 to 55, the labor-force participation rate is down 10%. That's unbelievable. There are 35,000 dying of opioids every year. Seventy percent of kids age 17 to 24 can't get into the US military because of health or education. Obesity, diabetes, reading and writing. Is that the society we wanted? No. We should be working on these things, acknowledge the flaws we have, and come up with solutions. Not Democrat. Not Republican. Not knee-jerk.
Jamie Dimon / Business Person
Kids
Military
Reading
Copy Quote
I always tell people, "There's a book on everyone." I get some of that book before I do anything. If I want to deeply understand someone's reputation, I'll talk to their friends, their former bosses, their peers, and I'll learn a lot about them. I want them to be trusted. I want them to be respected. I want them to give a s - -. Then there are the intangibles: physical and emotional stamina, the ability to confront issues. I can ask all I want about those things, but I also have to see a lot of it.
Jamie Dimon / Business Person
Book
Emotional
Issues
Copy Quote
A lot of these things have hurt the average American. When they look at the banks and they say, "Well, the bank's talking its own game," I am telling you, what we've done in mortgage lending, our inability to have proper regulations around mortgages, has hurt average Americans. First-time buyers, immigrant buyers, prior defaults, self-employed, because they can't get a mortgage. Will it make a big difference to JPMorgan Chase? No, but you're hurting my fellow citizens. Let's go at it, and let's fix it.
Jamie Dimon / Business Person
Done
Hurt
Mortgage
Copy Quote
They have a policy in China for their big companies called "Go abroad." It's a rational thing for both the company and the country to say, "We want big, successful companies." Particularly in areas where they need it: agriculture, energy, technology. I think banking, too. One or two have bought a trading house. Some have already begun expanding around the world. Of course they're going to have those ambitions. Why wouldn't they? They're just doing it methodically. It's a logical strategy and, well-executed, they will succeed.
Jamie Dimon / Business Person
Ambition
Country
Successful
Copy Quote
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.
Jamie Dimon / Business Person
Men
Political
School
Copy Quote

Top Authors

Soren Kierkegaard
Philosopher
Wednesday, May 05, 1813
Sunday, Nov 11, 1855
Aldous Huxley
Writer
Thursday, Jul 26, 1894
Friday, Nov 22, 1963
John Muir
Author
Saturday, Apr 21, 1838
Thursday, Dec 24, 1914
Napoleon Hill
Author
Friday, Oct 26, 1883
Sunday, Nov 08, 1970
Pope Francis
Thursday, Dec 17, 1936
Oprah Winfrey
Media Proprietor
Friday, Jan 29, 1954
William Blake
Poet
Monday, Nov 28, 1757
Sunday, Aug 12, 1827
Paulo Coelho
Lyricist
Sunday, Aug 24, 1947
Lucy Larcom
Poet
Friday, Mar 05, 1824
Monday, Apr 17, 1893
Napoleon Bonaparte
Military Commander
Tuesday, Aug 15, 1769
Saturday, May 05, 1821
Voltaire
Writer
Sunday, Nov 21, 1694
Saturday, May 30, 1778
Marcus Aurelius
Roman Emperor
Saturday, Apr 26, 0121
Friday, Mar 17, 0180
George Carlin
Comedian
Wednesday, May 12, 1937
Sunday, Jun 22, 2008
Carrie Fisher
Actress
Sunday, Oct 21, 1956
Tuesday, Dec 27, 2016
John Keats
Poet
Saturday, Oct 31, 1795
Friday, Feb 23, 1821

View All Authors

Jamie Dimon Quotes - Page 6

App & Tools

Related Business Person Authors

Popular Topic Tags

Top Authors

Share This Page

Stay Connected

App & Tools

Related Business Person Authors

Popular Topic Tags

Top Authors

Share This Page