A Quote by Jamie Dimon
I speak to lots of people around the world, and no one would tell you that 25 basis points will make a difference to them.
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If you look back historically at the post-WWII period on average, if you get a 100-basis-point increase in Fed funds, the spillover to the ten-year is only 35 basis points, and 25 basis points into the 30-year - it's a fairly small spillover effect.
Obviously, psychologically, it would make all the difference in the world. But I think it would also make a big difference financially. If people understood, that, "Y'know, having all those things, that I was told I was supposed to have, to be successful, really is not a measure of success, and I can't have them anyway -" Yeah, that would make a big difference. It would've made a big difference, I think, in my life.
We think that computers are the most remarkable tools that humankind has ever come up with, and we think that people are basically tool users. So if we can just get lots of computers to lots of people, it will make some qualitative difference to the world.
There's no question that protectionist or sort of moral suasion efforts like this can make a difference on a case-by-case basis. We have seen it in the past. It will probably save a few thousand, possibly more, jobs this time. But if the economics are saying that this is an expensive place to produce stuff, it's very hard to see that turning that around. That's why it would be more useful to focus on some of the other points that I think Donald Trump was making about making US a better place to manufacture.
If I had a daughter, I would tell her certain things. I would tell her that it’s great to be smart, really smart - that being smart makes you strong. I would tell her that emotions are powerful, so don’t be afraid to show them. I would tell her that some people may judge you on how you look or what you wear - that’s just how it is - but you should keep your focus on what you say and do. I would tell her that she may see the world differently from boys, and that difference is essential and good.
I'm thinking, "What difference will this sermon make in their lives tomorrow? What am I trying to give them that will make a difference?" For example, had to do with the theme that Jesus will not let go of you. He's holding onto you. I talked to them about the disciples and Peter on the night before the crucifixion of Christ - how Jesus said that all of you are going to turn away, but He would be waiting for them in Galilee.
I learned early on that one of the secrets of campus leadership was the simplest thing of all: speak to people coming down the sidewalk before they speak to you. I would always look ahead and speak to the person coming toward me. If I knew them I would call them by name, but even if I didn't I would still speak to them.
I have to tell you as a doctor, 25 years of practice, not as a politician using talking points, as somebody who has taken care of Medicare patients, we can make it a lot better.
The 3.5 billion unreached people on earth would form a single file line that would stretch around the equator 25 times! Can you picture 25 lines of Christless people, trampling endlessly toward hell? Let that vision stay with you day and night.
I love baking cakes and slices and biscuits, but I will only make them if I'm going somewhere with lots of people so I can share them around. I've got a sweet tooth, and I'm not good with discipline, so it's easier if I just don't have desserts in the house.
This kind of gaping inequality gives lie to the promise that’s at the very heart of America: that this is a place where you can make it if you try. We tell people - we tell our kids - that in this country, even if you’re born with nothing, work hard and you can get into the middle class. We tell them that your children will have a chance to do even better than you do. That’s why immigrants from around the world historically have flocked to our shores.
We have lots of challenges around the world, and I have no doubt the intelligence community will continue to watch them, monitor them, and report on them. The issue is, with all of our other distractions here in Washington, particularly, will the appropriate attention be paid to each one of these issues?
Each religion is a brave guess at the authorship of Hamlet. Yet, as far as the play goes, does it make any difference whether Shakespeare or Bacon wrote it? Would it make any difference to the actors if their parts happened out of nothingness, if they found themselves acting on the stage because of some gross and unpardonable accident? Would it make any difference if the playwright gave them the lines or whether they composed them themselves, so long as the lines were properly spoken? Would it make any difference to the characters if 'A Midsummer Night's Dream' was really a dream?
We create institutions and policies on the basis of the way we make assumptions about us and others. We accept the fact that we will always have poor people around us. So we have had poor people around us. If we had believed that poverty is unacceptable to us, and that it should not belong to a civilized society, we would have created appropriate institutions and policies to create a poverty-free world.
The difference between the best worker on computer hardware and the average may be 2 to 1, if you're lucky. With automobiles, maybe 2 to 1. But in software, it's at least 25 to 1. The difference between the average programmer and a great one is at least that. The secret of my success is that we have gone to exceptional lengths to hire the best people in the world. And when you're in a field where the dynamic range is 25 to 1, boy, does it pay off.
You don’t have to know a lot of things for your life to make a lasting difference in the world. But you do have to know the few great things that matter, perhaps just one, and then be willing to live for them and die for them. The people that make a durable difference in the world are not the people who have mastered many things, but who have been mastered by one great thing.
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