'The market doesn't care who you are': 11 of JPMorgan CEO Jamie Dimon's best quotes
Shalini Nagarajan  Â
- Jamie Dimon is best known for leading one of the big four American banks, JPMorgan Chase.
- Dimon frequently shares opinions on the world economy, politics, investing, and more.
- Markets Insider rounded up 11 of his best quotes of all time.
- Visit Business Insider's homepage for more stories.
Jamie Dimon, the chairman and chief executive of JPMorgan Chase, is one of the most well-known bankers in the world.
Back when bitcoin was a bubble among crypto-investors in late 2017, he made headlines for saying "if you're stupid enough to buy it, you'll pay the price for it one day."
Just a few months later, he retraced his stance on the then-futuristic currency and said he had come to see merit in the unique type of financial instrument. JPMorgan even went on to develop a platform using blockchain technology to process private transactions.
More recently, he has said the coronavirus pandemic is a "wake-up call" to build a more inclusive society that recognizes the financial situations of all parties involved in the economy.
Dimon has said he looks forward to share more ideas on how to create an economy that is stronger, more resilient, and offers "widespread access to opportunity."
We rounded up 11 of Jamie Dimon's best quotes below:
On being too big to fail: "No financial system can operate efficiently if financial institutions and investors assume that government will protect them from the consequences of failure. The term 'too big to fail' must be excised from our vocabulary."
Source: Reuters
On building success: "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."
Source: Washington Post
On cost: "All businesses tend to pass their costs on to customers."
Source: Telegraph
On markets: "Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market."
Source: Bloomberg
On the US: "It's good for America when the rest of the world grows, because you can sell more to the rest of the world."
Source: USA Today
On the post-financial crisis years: "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.'"
Source: Telegraph
On how great the US is: "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."
Source: CNN
On life: "I don't necessarily assume I'm going to live for 10 years. And you want to live very deliberately. You want to end every day and say, 'That was a good day.'"
Source: CNN
On his political loyalties: "My heart is Democratic but my brain is kind of Republican."
Source: CNBC
On stupidity: "Don't do anything stupid, and don't waste money. Let everybody else waste money and do stupid things, then we'll buy them."
On Wall Street: "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."
Source: Nikkei
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