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Quote by Jamie Dimon

“As countries get wealthier - all of them, together - you're going to have financial assets. That is a good thing. You could argue the assets were traded too much, or that they're too highly valued, or too leveraged.”

Quote by Jamie Dimon

Author

Jamie Dimon is an accomplished businessperson currently serving as the Chairman and CEO of JPMorgan Chase & Co. Since 1995, Dimon has held various key positions at JPMorgan Chase, becoming CEO in 2005. Under his leadership, the bank has achieved significant performance growth and emerged as one of the most influential financial institutions globally. more

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“But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.”

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Author:Jamie Dimon

“From my point of view, the American financial system - including banks and investment banks - is far safer because of capital and liquidity requirements. Despite all the turbulence so far this year, I don't think anyone's questioning our system. And that, obviously, is a good thing.”

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Author:Jamie Dimon

“I think one could argue that there's more political input into the regulatory side, and on the regulatory side there seem to be fewer people with financial and banking experience - there are more lawyers, academics, economists, maybe politicians now.”

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Author:Jamie Dimon

“Look, in any system, you want highly ethical people who really understand issues to form policies and make tough decisions. You need all the right people in the room. But there's a general view in Washington now by many politicians that if you ever were on this side, you're conflicted for being on that side.”

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Author:Jamie Dimon

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

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“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.”

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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.”

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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.”

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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.”

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Author:Jamie Dimon