Home / Quotes / Quote by Samuel Johnson

Quote by Samuel Johnson

“A man ought to read just as inclination leads him, for what he reads as a task will do him little good.”

Quote by Samuel Johnson

Author

Samuel Johnson was an English writer, poet, and lexicographer, renowned for his comprehensive English dictionary, 'A Dictionary of the English Language', published in 1755. His distinctive writing style and wit have cemented his place as a significant figure in the history of English literature. more

You May Also Like

“I don't think you could have a banker serving in a major role in Washington in the next 10 years. I just don't think it's going to happen - it's just not politically feasible - so I don't spend much time thinking about it. Do I think I could do a good job? Maybe. It's possible.”

Thinking Years Happens Jobs Next Roles Majors Serving Good Job Bankers

Author:Jamie Dimon

“They'll [China] probably be a fully developed nation. The road there just is not going to be that easy. You're going from a macromanaged, top-down economy to a market-managed, micromanaged type of economy, with all the potential corruption issues, SOE [state-owned enterprise] reform, and market reform that come with it.”

States Nations Easy Economy Issues Type Corruption China Reform Enterprise Top Down Developed Nations

Author:Jamie Dimon

“I think what you've seen them do recently in the markets is what most of us learn doesn't ultimately work. But I think everyone has to figure that on their own.”

Thinking Figures

Author:Jamie Dimon

“They [Chinese] have very smart, experienced people. I don't want to paint them all with the same brush. There was a little bit of a feeling that the stock market, which went from something like $4 trillion in valuation to $10 trillion, that the Chinese wanted that.”

People Want Littles Feelings Wanted Bits Little Bit Smart Paint Chinese Brushes Very Smart Valuation

Author:Jamie Dimon

“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.”

People Thinking Trying Country Reason Helping Government Wanted Mistake Company Healthy Hot Burden Debt Lots Of Money

Author:Jamie Dimon

“I don't like the term "universal bank." The Chinese government legitimately wants to have a very strong economy. When they talk about SOE reform, they know that's part of it.”

Knows Want Government Strong Term Economy Universal Reform Chinese Very Strong Chinese Government Strong Economy

Author:Jamie Dimon

“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.”

“If the numbers are right, ICBC [Industrial & Commercial Bank of China], which already earns nearly twice as much as JPMorgan. They'll probably be going a lot faster over time, and one day they can be a lot bigger than us.”

Ifs Numbers One Day Bigger China Faster Commercial Banks

Author:Jamie Dimon

“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.”

Ifs Thinking Knows World Wells May Mean Country Bigs Government Able Around The World Chinese Operations Sophisticated American Government

Author:Jamie Dimon

“I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very successfully building its U.S. investment bank.”

Wells Building Majors Investment Competitors Fargo Wells Fargo

Author:Jamie Dimon