Jamie Dimon

Businessman

1956-03-13

Quotes by 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.

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• Some things never change - there will be another crisis, and its impact will be felt by the financial markets.

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• In America, you keep on hearing productivity is low; secular stagnation, it's a new normal. It's just not true: We've had multiple wars; we're not educating our kids. We had government shut downs, badly-spent money, failures in the health system, failures and an extreme amount of regulation - that's why we're going slow.

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• The best way to look at any business is from the standpoint of the clients.

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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.

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• We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.

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• In America, we have a two-party system, and the American Constitution is a piece of brilliance, but they did not know when they set it up we would just have a two-party system. It just so happens that our electorate pushed towards the two-party system because it's a very good way to govern.

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• You can compromise without violating your principles, but it is nearly impossible to compromise when you turn principles into ideology.

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• Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be stopped. No government will ever support a virtual currency that goes around borders and doesn't have the same controls. It's not going to happen.

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• The term 'too big to fail' must be excised from our vocabulary.

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• Most decisions are not binary, and there are usually better answers waiting to be found if you do the analysis and involve the right people.

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• Walk into a Chase branch and we can give you so much quicker, better and faster. Like Wal-Mart.

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• 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.

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• First of all, I yell very little, just so you know. Maybe years ago I did more, but I yell very little.

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