Quotessence
Home / Authors / Jamie Dimon
Jamie Dimon

Jamie Dimon Quotes

Business person

Filter quotes by topic

AllThinkingPeopleCompanyIfsWantEconomyWorldKnowsClientsLooksMeanWayBigsCountryGrowthYearsJapanPolicyCustomersFinancial

Famous Jamie Dimon Quotes

“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

“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

“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.”

PeopleIfsWantGivingI CanBookAsksAbilityIssuesEmotionalReputationFormerBossTrustedPeersStamina
Author:Jamie Dimon
Create image

“I want you to say to me right from the start, "We are here to serve customers. We're not here for me to make a lot of money. We're not here to bet on interest rates or credit spreads. We are here to serve our customers really well over a long period of time, and that's how you build a successful business." And so I want to see that, too, you know?”

KnowsWantWellsLongInterestSuccessfulPeriodsRateSpreadCreditCustomersLots Of MoneyI Want YouSuccessful BusinessInterest RateLong Periods Of Time
Author:Jamie Dimon
Create image

“When the secretary of treasury, the head of the central bank, the head of the FDIC (Federal Deposit Insurance Corp.), and the head of the New York Fed say, "We want you to do this because we think it's in the best interest of the United States of America," you know, we're like the Japanese. We're a little patriotic that way. We said, "Yes, sir!"”

ThinkingKnowsWayWantLittlesSaidStatesAmericaInterestUnitedUnited StatesNew YorkFedsPatrioticSecretaryUnited States Of AmericaTreasuryDepositsCentral Banks
Author:Jamie Dimon
Create image

“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.”

WantFeelsWellsMeanSometimesCertainFallGrowsGrowthCompanyToo MuchRiskPressureExcessClientsTrapsCeoBankingAdviseBusiness Growth
Author:Jamie Dimon
Create image