"Don't do anything stupid. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them."
- Jamie Dimon
- Jamie Dimon
"We think a bank should be prepared for adverse times. In fact, we think if you're strong in adverse times that puts you in the position where you actually can do more interesting things, either hire people or buy other companies that are having a tough time."
- Jamie Dimon
- Jamie Dimon
"Run your business knowing it might be sunny, it might be stormy, or in fact it might be a hurricane. And be honest about how bad a hurricane might be."
- Jamie Dimon
- Jamie Dimon
"To be an acquirer during boom times is to be foolish, to commit the cardinal sin of overpaying. But to pick off distressed assets in a lousy economic climate — that is the stuff of the empire builder."
- Duff McDonald on Jamie Dimon
- Duff McDonald on Jamie Dimon
"There is one financial commandment that cannot be violated: Do not borrow short to invest long — particularly against illiquid, long-term assets."
- Jamie Dimon
- Jamie Dimon
"CEOs feel tremendous pressure to grow. Well, sometimes you can't grow. Sometimes you don't want to grow. Sometimes it means you take on bad clients, excess risk or too much leverage."
- Jamie Dimon
- Jamie Dimon
"Our goal is to accomplish real, sustainable growth. Not growth at any cost. In the financial services world, it's easy to stretch for growth by reducing underwriting standards or taking on higher levels of risk. But such an approach is foolish longer term."
- Jamie Dimon
- Jamie Dimon
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