'Let everybody else waste money' — 17 of Jamie Dimon's most brilliant quotes

JPMorgan Chase chairman and CEO Jamie Dimon has frequently shared his opinion on the economy, politics, success, and more.
We rounded up 17 of Dimon's most brilliant quotes below.

Jamie Dimon, the chairman and CEO of JPMorgan Chase, is one of the most famous bankers in America.

The exec has a net worth of $1.3 billion , and since he took the helm of JPMorgan Chase at the end of 2005, he's helped it become the largest bank in the United States and the most valuable in the world by market capitalization.

He's also one of the most quotable execs out there over the years, the billionaire hasn't been shy about sharing his opinion on the economy, politics, and what it takes to be successful.

We rounded up 17 of Dimon's most brilliant quotes, and they're presented below.

Most decisions are not binary, and there are usually better answers waiting to be found if you do the analysis and involve the right people.

BusinessInsider USA Images

Chip Somodevilla / Getty Images

Source: Business Insider

If youre going to be a leader, you know what I ask myself? Would I want to work for you in this job? Would I let my children work for you?

BusinessInsider USA Images

Business Insider

Source: Bloomberg

Finance went from being a small business, effectively, to being a big business. In part, thats the growth of the worlds wealth. Thats called savings.

BusinessInsider USA Images

Scott Olson/Getty Images

Source: Bloomberg

America has the best hand ever dealt to any country on this planet, ever. Yes, we have problems, but you travel around the world, youll see we have it all.

BusinessInsider USA Images

Greg Flume/Getty Images

Source: CNN

I think I could beat Trump because Im as tough as he is, Im smarter than he is. I would be fine. He could punch me all he wants, it wouldnt work with me. Id fight right back.

BusinessInsider USA Images

Kevin Lamarque/Reuters

Dimon fired off this volley at the POTUS in September 2018. Of course, it didn't take long before Trump fired back .

If you want to be a winner, then compare yourself to the best and acknowledge that it will never happen without hard work.

BusinessInsider USA Images

REUTERS/Dylan Martinez

Source: JPMorganChase

The term "too big to fail" must be excised from our vocabulary.

BusinessInsider USA Images

Getty Images / Andrew Burton

Dimon said this in 2009 , just a year after the financial crisis and near collapse of multiple auto companies wreaked havoc on the economy.

Bureaucracy kills. Bureaucracy drives out good people, drives out innovation. It makes the person next to you a competitor and not a collaborator. And thats a really bad idea inside a company.

BusinessInsider USA Images

Getty/Mark Wilson

Source: Business Insider

If youre stupid enough to buy it, youll pay the price for it one day.

BusinessInsider USA Images

Getty Images

Dimon said these harsh words about Bitcoin in October 2017. A few months later, he walked back the statement, saying he had come to see the merit in this unique type of financial instrument.

You can never have equal outcomes, but you can have equal opportunity.

BusinessInsider USA Images

Getty/Win McNamee

Dimon continued: "When I say out loud, 'Fifty percent of inner-city schoolkids do not graduate from high school,' that is a national catastrophe. We should be ringing the alarm bells. It's not fair."

Source: Business Insider

Abraham Lincoln never denigrated, never scapegoated, never finger-pointed. And he had reason to.

BusinessInsider USA Images

Getty Images / Staff

Source: CNN

My heart is Democratic but my brain is kind of Republican.

BusinessInsider USA Images

Brian Snyder/Reuters

Source: CNBC

Dont do anything stupid, and dont waste money. Let everybody else waste money and do stupid things, then well buy them.

BusinessInsider USA Images

REUTERS/Marcelo Del Pozo

Source: "Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase"

Remember that banks arent markets. The market is amoral. The market doesnt care who you are. Youre a trade to the market.

BusinessInsider USA Images

Spencer Platt/Getty Images

Source: Bloomberg

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 its not just because of business reasons.

BusinessInsider USA Images

Henny Ray Abrams/AP

Source: Nikkei

No one can forecast the economy with certainty, but most of us in business (have) got growth plans that have nothing to do with the actual state of the economy.

BusinessInsider USA Images

Spencer Platt/Getty Images

Source: CNBC

Humility is the realization that those who came before you paved the way. Never fool yourself into thinking that your success is just your own.

BusinessInsider USA Images

Rick Osentoski/AP

Source: JPMorganChase

'Let everybody else waste money' — 17 of Jamie Dimon's most brilliant quotes

Recommended articles

Most decisions are not binary, and there are usually better answers waiting to be found if you do the analysis and involve the right people.

If youre going to be a leader, you know what I ask myself? Would I want to work for you in this job? Would I let my children work for you?

Finance went from being a small business, effectively, to being a big business. In part, thats the growth of the worlds wealth. Thats called savings.

America has the best hand ever dealt to any country on this planet, ever. Yes, we have problems, but you travel around the world, youll see we have it all.

I think I could beat Trump because Im as tough as he is, Im smarter than he is. I would be fine. He could punch me all he wants, it wouldnt work with me. Id fight right back.

If you want to be a winner, then compare yourself to the best and acknowledge that it will never happen without hard work.

The term "too big to fail" must be excised from our vocabulary.

Bureaucracy kills. Bureaucracy drives out good people, drives out innovation. It makes the person next to you a competitor and not a collaborator. And thats a really bad idea inside a company.

If youre stupid enough to buy it, youll pay the price for it one day.

You can never have equal outcomes, but you can have equal opportunity.

Abraham Lincoln never denigrated, never scapegoated, never finger-pointed. And he had reason to.

My heart is Democratic but my brain is kind of Republican.

Dont do anything stupid, and dont waste money. Let everybody else waste money and do stupid things, then well buy them.

Remember that banks arent markets. The market is amoral. The market doesnt care who you are. Youre a trade to the market.

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 its not just because of business reasons.

No one can forecast the economy with certainty, but most of us in business (have) got growth plans that have nothing to do with the actual state of the economy.

Humility is the realization that those who came before you paved the way. Never fool yourself into thinking that your success is just your own.

FOLLOW BUSINESS INSIDER AFRICA

Recommended articles

Africa's gaming gold rush: Unveiling the surge in online gambling

Seven African countries added to Meta's AI service coverage

10 African countries with the lowest inflation rates in 2024

Davido launches his label Nine+ in partnership with UnitedMasters

Nigeria's economic ranking drops to fourth in Africa

Moscow inaugurates its House of Africa

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

10 best airports in Africa in 2024

10 most expensive cities in Africa in 2024

'Let everybody else waste money' — 17 of Jamie Dimon's most brilliant quotes

Recommended articles

Most decisions are not binary, and there are usually better answers waiting to be found if you do the analysis and involve the right people.

If youre going to be a leader, you know what I ask myself? Would I want to work for you in this job? Would I let my children work for you?

Finance went from being a small business, effectively, to being a big business. In part, thats the growth of the worlds wealth. Thats called savings.

America has the best hand ever dealt to any country on this planet, ever. Yes, we have problems, but you travel around the world, youll see we have it all.

I think I could beat Trump because Im as tough as he is, Im smarter than he is. I would be fine. He could punch me all he wants, it wouldnt work with me. Id fight right back.

If you want to be a winner, then compare yourself to the best and acknowledge that it will never happen without hard work.

The term "too big to fail" must be excised from our vocabulary.

Bureaucracy kills. Bureaucracy drives out good people, drives out innovation. It makes the person next to you a competitor and not a collaborator. And thats a really bad idea inside a company.

If youre stupid enough to buy it, youll pay the price for it one day.

You can never have equal outcomes, but you can have equal opportunity.

Abraham Lincoln never denigrated, never scapegoated, never finger-pointed. And he had reason to.

My heart is Democratic but my brain is kind of Republican.

Dont do anything stupid, and dont waste money. Let everybody else waste money and do stupid things, then well buy them.

Remember that banks arent markets. The market is amoral. The market doesnt care who you are. Youre a trade to the market.

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 its not just because of business reasons.

No one can forecast the economy with certainty, but most of us in business (have) got growth plans that have nothing to do with the actual state of the economy.

Humility is the realization that those who came before you paved the way. Never fool yourself into thinking that your success is just your own.

FOLLOW BUSINESS INSIDER AFRICA

Recommended articles

Africa's gaming gold rush: Unveiling the surge in online gambling

Seven African countries added to Meta's AI service coverage

10 African countries with the lowest inflation rates in 2024

Davido launches his label Nine+ in partnership with UnitedMasters

Nigeria's economic ranking drops to fourth in Africa

Moscow inaugurates its House of Africa

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

10 best airports in Africa in 2024

10 most expensive cities in Africa in 2024

Trending

Luxury tycoon Bernard Arnault just put 2 more of his nepo baby kids on the LVMH board

The owner of Coachella was once dubbed 'America's most reclusive billionaire.' Meet Philip Anschutz, who's worth $15.3 billion.

Silicon Valley elite like Mark Zuckerberg and Tim Cook are obsessed with these watches

In-N-Out owner Lynsi Snyder is one of America's youngest billionaires. Here's a look at the fast-food mogul's life.