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Just Because We're Stupid Doesn't Mean Everybody Else Was.
-Jamie Dimon
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Just Because We're Stupid Doesn't Mean Everybody
Jamie Dimon
Just Because We're Stupid Doesn't Mean Everybody Else Was.
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Topic
Stupid
Mean
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Part Of [japanese Companies] Growing And Expanding Around The World Is ... Going To Help The Japanese Keep Their Lifestyles [despite Japan's] Demographics, As A Declining Population, And [to] Make It More Conducive To Women To Go To Work, I Think, Is A Plus.
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I Also Think You Have To Be Very Careful. I Mean, The Heritage Of Our Company Is Very Strong, And Building Some Of These Businesses Into Leading Players Is Extremely Tough. You And I Can Both Build A Trading Business, And It Looks Like You're Doing Ok, And It Looks Like I'm Doing Ok. But, Really, I Am, And You Aren't. It Comes Down To The Quality Of Clients, Quality Of Systems, Quality Of Risk Controls.
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Don't Do Anything Stupd. And Don't Waste Money. Let Everybody Else Waste Money And Do Stupid Things; Then We'll Buy Them.
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It Can Take A Long Time To Get The Rules In Place That Are Conducive To Growing, Sometimes.
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We're Trying To Win Business By Doing A Good Job For The Clients, As Opposed To, "we Think Being Big And Universal Is Just A Great, Wonderful Thing." It's Not A Morality Thing. It's A "does It Work For The Client?" Thing. Everything We Do Is Because A Client Uses Us. Everything We Do Is Because A Client Chose To Use Us Of His Own Free Volition.
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