Top 49 Quotes & Sayings by James P. Gorman

I'm not that interested in just being around powerful people for the sake of it.

I figured if you live in a country long enough, you want to be a part of the political process, and you sort of owe it to your hosts. They've accepted you. Why wouldn't you accept them?

I'm pretty invisible, and that's just fine.

Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically.

The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services.

I'm one of 10 children, and all my brothers call me Jim. And all my sisters... well, they call me something even more affectionate. My mother calls me James, and I do what my mother tells me.

If you're just interested in the prestige of banking, that's not what's going to sustain you. You have to be interested in what we do: managing and originating capital, helping issuers and investors come together is great, bringing these companies to life.

The U.S. is becoming an industrial heartland again.

Supply and demand eventually rebalance. We've seen this again and again and again.

There are elements of Dodd-Frank that clearly need to be curtailed.

To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.

I think Americans are very verbal and Aussies are more circumspect, and that can come across as being clearer. It can also come across as abrupt and cold. Some people find me to be abrupt and cold. That's just my personal style.

That is what made America great: that everyone had the opportunity to be a winner. And I think it's still there. I'm certainly a beneficiary of it.

We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.

The Brexit vote, the presidential elections in the U.S., a number of the other regional political movements - that's not a flash in the pan.

Traditional consumer banking will come under extreme pressure as its central deposit-taking and lending functions are challenged by online savings vehicles, crowdfunding, and loan syndicating by such nontraditional competitors as insurance companies, pension and hedge funds.

I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.

If you underperform for your owners, eventually they pick up their bat and ball and go home.

As much as the banking system may not be terribly popular, it is an essential part of the economy.

Markets shouldn't be moving in a straight line.

Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!

Let's be honest: It wasn't just the banks who messed up. There were a lot of people who tried to buy assets they couldn't afford. That's a reality.

You can't operate a business running at a loss, and particularly if you're doing it by paying yourselves. It just doesn't fly.

Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.

The basic architecture of Dodd-Frank makes sense. At the same time, as a number of regulators and legislators have observed, the act was a complex effort that produced thousands of pages of rules.

I think Brexit is disappointing from an economic perspective.

Banks should decide on dividend increases and share buybacks after receiving the results of stress tests, when they know how much capital regulators wish them to hold.

Regulators around the world have achieved an unprecedented level of collaboration since the financial crisis to create global standards for financial institutions. American regulators have largely viewed these international standards as a floor, and imposed higher standards on U.S. institutions.

I am very proud of my Australian roots.

I'm married to a health-conscious American. I try to eat well, but definitely, as an Australian, you have some of the red meat, lamb, steak, barbecues as part of your culture.

Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy.

The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.

I have a direct way of speaking. What I do is tend to lay out everything; I tend to tell people what I'm going to do and how I'm going to do it and what is success for us and what's not... without being too parochial about it, I think Aussies are more direct.

From our perspective, just narrowly from the financial sector and from our institution, there's nothing good about Brexit.

I certainly have no regret living in the U.S. The quality of life in Australia is good, but it is bloody good here as well.

Jamie Dimon is doing a great job; J.P. Morgan is a great institution.

When it comes time to go into the booth, I will be writing down President Mike Bloomberg.

I think anybody who says they don't care about being liked is lying. I care if my dog waves its tail when I come home. But you're not going to make everybody happy.

Look, you deal with the choices you are confronted with.

The world is getting better, but not in a straight line.

You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason - the banks were undercapitalized, and returns are a function of earnings and capital.

You can fire your revenues by firing your people.

Bringing world leaders together as human beings rather than political machines is very important.

If you want to spend weekends with your family, something's got to give.

Cats don't bark and act brave when they see something small in fur or feathers, they kill it. Dogs tend to bravado. They're braggarts. In the great evolutionary drama the dog is Sergeant Bilko, the cat is Rambo.

Flyfishing, which has a vaguely mystical aura, is a lot like work. I'm a frenetic flyfisherman. I wade up and down streams, looking for good spots, usually falling and breaking some piece of equipment. Or I stand still and work myself into a frenzy about what fly I should use. I love fishing, but it has never given me a moments peace.

A dog's idea of personal grooming is to roll on a dead fish.

If you consider the contribution of plumbing to human life, the other sciences fade into insignificance.

Cats are the ultimate narcissists. You can tell this because of all the time they spend on personal grooming. Dogs aren't like this. dog's idea of personal grooming is to roll in a dead fish.