Quotessence
Home / Authors / Jamie Dimon Books
Jamie Dimon

Jamie Dimon Books

Business person

No books found for this author.

Related Quotes

“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.”

PeopleWayNeedsLooksCertainIndividualAbilityCompanyAdviceAccountsDebtBest WayClientsEquityLoanMortgageStandpointDepositsDerivativesBasic Things
Author:Jamie Dimon
Create image

“Let's look at lending, where they're using big data for the credit side. And it's just credit data enhanced, by the way, which we do, too. It's nothing mystical. But they're very good at reducing the pain points. They can underwrite it quicker using - I'm just going to call it big data, for lack of a better term: "Why does it take two weeks? Why can't you do it in 15 minutes?"”

WayLooksDoeTwoBigsPainSidesTermWeekMinutesVery GoodCreditDataMysticalReducingTwo WeeksLending
Author:Jamie Dimon
Create image

“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.”

ThinkingWantMayLittlesBigsCertainOpportunityBitsChanceClassCasesLittle BitVery GoodFundAssetsValleysEquityReferringSiliconBuyersSilicon ValleyGood ChanceHedge FundPrivate Equity
Author:Jamie Dimon
Create image

“I also think you have to be very careful. I mean, the heritage of our company is very strong, and building some of these businesses into leading players is extremely tough. You and I can both build a trading business, and it looks like you're doing OK, and it looks like I'm doing OK. But, really, I am, and you aren't. It comes down to the quality of clients, quality of systems, quality of risk controls.”

ThinkingLooksMeanI CanStrongQualityCompanyPlayerRiskBuildingLike YouToughCarefulHeritageVery StrongClientsTrading
Author:Jamie Dimon
Create image

“Part of the concept of the euro zone was to establish a common market. The banks were going to bank across all their countries like we bank across states. But that concept got killed for a whole bunch of reasons that I won't get into. That was a good concept, by the way. It may yet return, because there are huge economies of scale in banking. That's another thing people don't quite get.”

PeopleWayMayCountryStatesReasonWholeCommonEconomyHugeReturnConceptsScalesBunchZoneBankingEuro
Author:Jamie Dimon
Create image

“People thought they were going to make a lot of money. And then at one point, it got too hot, and the government wanted to knock it down. Trying to get it up and then knock it down, both were a mistake. And part of the reason, some people think, is that they wanted to equitize some of their companies. A healthy stock market helps equitize companies and reduce the country's debt burden.”

PeopleThinkingTryingCountryReasonHelpingGovernmentWantedMistakeCompanyHealthyHotBurdenDebtLots Of Money
Author:Jamie Dimon
Create image

“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.”

ThinkingWorldWantNeedsWellsTwoCountryBigsCoursesHouseEnergyCompanyTechnologySuccessfulPolicySucceedAmbitionAreasStrategyChinaRationalAround The WorldLogicalAgricultureTradingBankingExpandingBig CompaniesSuccessful Company
Author:Jamie Dimon
Create image

“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.”

IfsThinkingKnowsWorldWellsMayMeanCountryBigsGovernmentAbleAround The WorldChineseOperationsSophisticatedAmerican Government
Author:Jamie Dimon
Create image

“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.”

BigsCompanyIssuesSuccessfulStrategyPropertyFinancialTravelerIntegratedCasualtiesUnifiedFinancial Services
Author:Jamie Dimon
Create image

“We're trying to win business by doing a good job for the clients, as opposed to, "We think being big and universal is just a great, wonderful thing." It's not a morality thing. It's a "Does it work for the client?" thing. Everything we do is because a client uses us. Everything we do is because a client chose to use us of his own free volition.”

ThinkingTryingDoeUseBigsJobsWinningWonderfulMoralityUniversalClientsGood JobWonderful ThingsVolition
Author:Jamie Dimon
Create image