A Quote by Jamie Dimon
The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change.
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Basketball's so much like life: if something's going great, you wait a minute, it will change. If something's going bad, you wait a minute, it will change. So I try to play things on such an even keel, knowing that things are going to change. You take the good with the bad; you don't get too excited, you don't get too down and sometimes that's the hardest thing in the world to do when you're in the midst of it, but that's the best way to handle it.
I think you've got to accept that certain things are in process that you can't change, that you can't overwhelm. The chaos of our cities, the randomness of our lives, the unpredictability of where you're going to be in ten years from now - all of those things are weighing on us, and yet there is a certain glimmer of control. If you act a certain way, and talk a certain way, you're going to draw certain forces to you.
The way I think of it is that Russia is not going to change fundamentally. They may change tactics; they may look at their interests and figure out what actions they take, but they're not going to change fundamentally. And they're going to try to gauge what will the responses be to things that they do, and what will our things be. And here, they do wonder what is the level of our resolve? How far are we willing to go? And that is something that is very hard to gauge.
People don't realize what's really going on in this country. There are a lot things that are going on that are unjust. People aren't being held accountable for. And that's something that needs to change. That's something that this country stands for: freedom, liberty and justice for all.
Any leader needs to be constantly interested in what's going on in the world, and constantly ready - even when things are going well - to change.
For policemen to be honest about the fact that they may be fearful when they come into a certain situation, not understanding what's going to happen. The only way things will change and things will get better is if people are able to be honest without feeling like they're going to be offended, or they're going to offend someone else.
When I talk about feminism and what I think the women's movement needs more of, it's not to detract from anything going on - I think everything going on is fantastic - but there's this missing element. I think we could learn from our detractors a little bit because I feel like they have a plan, a better understanding of things than we necessarily do. You can't change things if you don't understand the other people involved. And if you don't understand yourself, you'll never change.
When you talk about black entrepreneurship, you're talking about addressing the foundation of what's going on with our people when we don't have any financial power. Our basic needs aren't being met in a lot of cases, so there's no way we're going to be able to tap into our potential until we address those bottom-level base needs.
If I've got a problem with one of my clients that needs to get solved, guess what I'm going to do? I'm going to call them up, and I'm going to say, 'Hey, here's what's going on. This is the situation. This thing went sideways. I didn't expect it. Now it's going to take me some more time to get you what you need.' But I'm going to do that upfront.
There are a lot things that are going on that are unjust. People aren't being held accountable for. And that's something that needs to change.
My career, I look at it in a Darwinian framework. I'm going to do exactly what I want, and I'm going to survive, or I'm not. I'm not going to pander. I'm not going to change things. I'm not going to do focus groups. I'll live and die by the sword. I don't care. Because I couldn't live with myself.
Everybody needs to understand that policies are going to change to make it unprofitable if you wreck the planet, those companies that continue exploring and developing fossil fuel resources for which there is no safe use are going to pay a very heavy cost for that.
It's not like America's view of the Israeli-Palestinian struggle is going to change. There are some things that are going to change and some things that are not going to change.
People are talking about the Internet as though it is going to change the world. It's not going to change the world. It's not going to change the way we think, and it's not going to change the way we feel.
Well, I'm telling them two things. One is that, look, this is going to be something when the American people realize - once it's passed - that, A, it does take care of preexisting conditions; B, you're insurance rates aren't going to skyrocket; C, the insurance companies aren't going to be running the show like they were before; D, you're going to be in a position where you can keep your insurance that you have. That once the American public realizes that, you're going to get a reward for this. They're going to be rewarded.
The aim of promoting low down payments is to push prices back up so that fewer houses are going to be in negative equity and fewer people are going to walk away from the mortgages. That will save the from taking a loss on their junk mortgage loans.
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