Jamie Dimon Quotes

Until Donald Trump got to where he was, they said you‘ll never see a rich businessman who‘s never been in politics be president. I clearly was wrong about that.

You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, ‘It could have been much better.’

While legislation obviously is political, we now have allowed regulation to become politicized, which we believe will likely lead to some bad outcomes.

I’m very close to thinking the United States shouldn’t be in Basel any more. I would not have agreed to rules that are blatantly anti-American. Our regulators should go there and say, ‘If it’s not in the interests of the United States, we’re not doing it.’

We are totally open kimono with regulators.

When my grandfather was born, there was no healthcare. There were no airplanes. There were no boats. There were no trains. There were no communications. No Internet. No widespread knowledge. It will be a completely different world but a much better place in a hundred years.

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

It is true that too many people are not getting a fair opportunity to get ahead. We must find ways to help them move up the economic ladder, and everyone – business, government, and nonprofits – needs to play a role.

The government has the right to change laws and rules and regulations.

Americans should understand that 50%, or something like, of the kids in inner-city schools, often poor and often minority, don’t graduate. And the ones that do don’t necessarily have the skills to get a job. That is the biggest disgrace in this country.

I am not embarrassed to be a banker. I am not embarrassed to be in business.

When people blanket a whole class of people with statements, I just think that is unfair to everybody. I could do the same thing about media. I can do the same thing about politicians or lawyers, and they’re just never accurate.

It’s really important that policy be properly designed. It’s not enough just to.. .get angry over a subject.

If the economy grows, housing gets better, quicker.

It’s good for America when the rest of the world grows, because you can sell more to the rest of the world.

I am not responsible for the financial crisis, I hate to tell you.

You wonder, ‘How could it possibly be me?’ Well, of course it could happen to you. You have it. Then, of course, you wake up every morning, and you hope it’s a bad dream. Then you wake up. I have cancer.

Business has to have a seat at the table. Infrastructure isn’t going to be built properly if business doesn’t have a seat at the table. A school is not going to happen if businesses don’t work with schools about what kind of jobs they really need.

The term ‘too big to fail’ must be excised from our vocabulary.

No one can forecast the economy with certainty.

There are downsides to a lot of things. There are downsides to flying – people die every now and then. Do you want to stop all air flights? There are downsides to pharma; sometimes they’re misused. Do you want to stop using pills?

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.

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.

Unraveling the euro is a terrible thing. This is a 50-year endeavor to get this continent together and that’s a wonderful endeavor.

JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously it’s a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.

Abraham Lincoln never denigrated, never scapegoated, never finger-pointed. And he had reason to.

I would love to be the president of United States, and I think I would be good at it, but it’s too late, and it is too hard.

People need to understand: Businesses are going to make mistakes. They shouldn’t be shot and hung every time.

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.

I think that technology is the best thing that ever happened to mankind. It’s an absurd notion that somehow, ‘My God, what are we going to do when driverless cars come along?’ It’s going to save lives on the road. And maybe, one day, we’ll all be working four days a week and not five or six days a week.

The denigration of business hurts America, because the secret sauce for our economy is confidence. I don’t want to hear that nonsense that all business is bad.

You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don’t look at it that way.

America has the best hand ever dealt to any country on this planet, ever. Yes, we have problems, but you travel around the world, you’ll see we have it all.

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

It is vital for officials and regulators to have input from people within our businesses who understand the intricacies of how financial markets operate and the consequences of certain policy decisions.

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

Donald Trump has put some professional people around himself. Experienced. Successful. I know a lot of people seem to think that success and experience are reasons you shouldn’t serve in public office. But they are knowledgeable and smart, and they’ve been around the world.

Among those people not graduating, there might be a Steve Jobs or Barack Obama. We’ll never know.

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.

If you’re blindly loyal to me, then you’re just acting like a crony of mine. If you say you admire me because of the principles for which I stand, I understand that, but then you also have the right to call me to the carpet when you think I’m falling short.

I am a patriot: I want to help my country and help it grow.

We are going through a period of profound political and economic change around the world, and American citizens showed that deep desire for change in voting to elect Donald Trump as the 45th President of the United States.

Capping the size of American banks won’t eliminate the needs of big businesses; it will force them to turn to foreign banks that won’t face the same restrictions.

I’m a little bit of an eternal optimist. People always say to me, ‘If you go do this and it fails, what are you going to do?’ I don’t care. I’m going to give it my best shot. That’s what I’m going to do. If it doesn’t work, it doesn’t work. And I’ll try again.