Building Quote by Jamie Dimon
“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.”
About This Quote
Source Interview: Bloomberg TV, 2020
He stresses that a company’s heritage and client quality, robust systems, and risk controls are crucial for building a leading business, not just effort.
In simple terms: Heritage, clients, systems, and risk management drive success.
Key Takeaway
Quality matters more than effort alone.
Themes
business
risk management
leadership
Mood
cautious
determined
Type
strategic
inspirational
When to use this quote
- financial services
- startup scaling
- corporate strategy
Key Concepts
client focus
systemic robustness
heritage value
Questions to Reflect On
- How can firms preserve heritage while innovating?
- What steps ensure risk controls stay effective?
A Different Perspective
Even with quality, market forces can hinder growth.
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