221 Quotes by Jamie Dimon

When the government gets involved in pricing, I don’t think it’s the right way to look at a business.

I’ve been regulated my whole life. We have progressive taxes. It’s not a free-market free-for-all. I completely understand that society has a perfectly legitimate right to put in structures and regulations and rules that make it fairer, better, cleaner.

The government isn’t going to say, “We’re going to regulate banks, but we’ll leave these other companies alone.” I think the regulators want to make sure that they have some form of regulation on anything systemic. We like our hand. But, you know, honestly, who owns the future?

I don’t think you’re going to have one bank. Big companies aren’t going to give us all their business. So they can pick and choose – by product, by country, whatever. We have major competition across every product in every place we operate.

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.

I hope the story of 2011 is that America gets its mojo back. You’ve got to remember that America has the best universities; it’s got some of the best businesses. It’s got an unbelievable work ethic, rule of law. The story of 2011 will be America blossoming again.

If I ran the whole place like it was my way or the highway, we would not be as good a company. I’m going to have mistakes – they’ll be made on my watch and will embarrass me. But I’ll also make sure the company learns from them so it can become a better company.

You don’t run a business hoping you don’t have a recession.

Economies of scale are a good thing. If we didn’t have them, we’d still be living in tents and eating buffalo.