Acknowledge Quote by Jamie Dimon
“Look, every institution will make mistakes. I acknowledge we make mistakes, and they can hurt my reputation and our company's. But you also must be willing to let go a little bit, trust others, and not always be so stringent, provided you have robust controls.”
About This Quote
Source Speech: Annual Shareholder Meeting, JPMorgan Chase, 2023
Institutions inevitably err; balancing accountability with trust requires flexible oversight and strong controls.
In simple terms: Mistakes happen; trust and control must coexist.
Key Takeaway
Trust others while keeping solid safeguards.
Themes
leadership
trust
accountability
risk management
culture
Mood
cautious
reflective
Type
advisory
corporate
When to use this quote
- team management
- corporate governance
- crisis response
- delegation
Key Concepts
organizational behavior
governance
psychology
Questions to Reflect On
- How do you measure when to loosen control?
- What safeguards prevent trust from becoming negligence?
A Different Perspective
Over‑reliance on trust can expose vulnerabilities without proper checks.
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