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'Let everybody else waste money' - 17 of Jamie Dimon's most brilliant quotes
'Let everybody else waste money' - 17 of Jamie Dimon's most brilliant quotes
Steven JohnMar 22, 2019, 22:28 IST
Chip Somodevilla / Getty ImagesJamie Dimon.
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JPMorgan Chase chairman and CEO Jamie Dimon has frequently shared his opinion on the economy, politics, success, and more.
We rounded up 17 of Dimon's most brilliant quotes below.
Jamie Dimon, the chairman and CEO of JPMorgan Chase, is one of the most famous bankers in America.
The exec has a net worth of $1.3 billion, and since he took the helm of JPMorgan Chase at the end of 2005, he's helped it become the largest bank in the United States and the most valuable in the world by market capitalization.
He's also one of the most quotable execs out there - over the years, the billionaire hasn't been shy about sharing his opinion on the economy, politics, and what it takes to be successful.
We rounded up 17 of Dimon's most brilliant quotes, and they're presented below.
'Finance went from being a small business, effectively, to being a big business. In part, that's the growth of the world's wealth. That's called savings.'
'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.'
'I think I could beat Trump because I'm as tough as he is, I'm smarter than he is. I would be fine. He could punch me all he wants, it wouldn't work with me. I'd fight right back.'
'The term "too big to fail" must be excised from our vocabulary.'
Dimon said this in 2009, just a year after the financial crisis and near collapse of multiple auto companies wreaked havoc on the economy.
'Bureaucracy kills. Bureaucracy drives out good people, drives out innovation. It makes the person next to you a competitor and not a collaborator. And that’s a really bad idea inside a company.'
'If you're stupid enough to buy it, you'll pay the price for it one day.'
Dimon said these harsh words about Bitcoin in October 2017. A few months later, he walked back the statement, saying he had come to see the merit in this unique type of financial instrument.
'You can never have equal outcomes, but you can have equal opportunity.'
Dimon continued: "When I say out loud, 'Fifty percent of inner-city schoolkids do not graduate from high school,' that is a national catastrophe. We should be ringing the alarm bells. It's not fair."
'On Wall Street there is no "Wall Street." There are individuals. So we have a lot of people who are Republicans, a lot of people who are Democrats, and it's not just because of business reasons.'
'No one can forecast the economy with certainty, but most of us in business (have) got growth plans that have nothing to do with the actual state of the economy.'