--- title: "Meaning & Key Takeaway of: I learn from all our major competitors…" description: "\"I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very successfully bu..." image: "https://sms4smile.com/quotes/i/8dc/jamie-dimon-1320_building_i-learn-from-all-our-major-competitors-w_36074.png" --- # I learn from all our major competitors, whether they're in… ![“I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very successfully building its U.S. investment bank.” quote by Jamie Dimon](https://sms4smile.com/quotes/i/8dc/jamie-dimon-1320_building_i-learn-from-all-our-major-competitors-w_36074.png) [Download](https://sms4smile.com/quotes/i/8dc/jamie-dimon-1320_building_i-learn-from-all-our-major-competitors-w_36074.png) [Open image](https://sms4smile.com/quotes/i/8dc/jamie-dimon-1320_building_i-learn-from-all-our-major-competitors-w_36074.png) > “I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very successfully building its U.S. investment bank.” [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Observes that competitive intelligence, even from rivals abroad, is essential for strategic growth, citing Wells Fargo's aggressive expansion in U.S. investment banking. **In simple terms:** Competitive learning drives strategic expansion. Key Takeaway Study rivals to replicate success. Themes competition strategic learning global perspective banking growth leadership Mood analytical strategic confident Type business insight leadership quote When to use this quote - executive strategy meetings - industry analysis reports - cross‑border market entry planning - leadership development workshops Key Concepts competitive intelligence market expansion investment banking Practical Applications - benchmarking competitor tactics - informing corporate growth strategies Questions to Reflect On - How can firms balance learning from competitors with maintaining unique value propositions? - What risks arise from mimicking a rival's aggressive tactics? A Different Perspective null ★ ★ ★ ★ ★ No ratings yet [Actively Aggressively](https://sms4smile.com/quotes/about/actively-aggressively-441515/) [Aggressively Successfully](https://sms4smile.com/quotes/about/aggressively-successfully-441513/) [Building](https://sms4smile.com/quotes/about/building/) [Competitors](https://sms4smile.com/quotes/about/competitors/) [Fargo](https://sms4smile.com/quotes/about/fargo/) [Investment](https://sms4smile.com/quotes/about/investment/) [Investment Bank](https://sms4smile.com/quotes/about/investment-bank-338604/) [Major Competitors](https://sms4smile.com/quotes/about/major-competitors-441514/) [Majors](https://sms4smile.com/quotes/about/majors/) [Wells](https://sms4smile.com/quotes/about/wells/) [Wells fargo](https://sms4smile.com/quotes/about/wells-fargo/) ## Related quotes > [Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we…](https://sms4smile.com/quotes/warren-buffett/lethargy-bordering-on-sloth-remains-the-cornerstone-of-our-investment/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Wells Fargo behaves better than the average big bank. But nobody's perfect.](https://sms4smile.com/quotes/charlie-munger/wells-fargo-behaves-better-than-the-average-big-bank-but-nobody-s/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [The cultural issues, I think, at Wells Fargo went very, very deep. They have to unwind these cultural issues.](https://sms4smile.com/quotes/steve-eisman/the-cultural-issues-i-think-at-wells-fargo-went-very-very-deep-they/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [I remember going into a raggedy studio, still with my work uniform on. At the time, I was driving money trucks for Wells Fargo,…](https://sms4smile.com/quotes/sharon-jones/i-remember-going-into-a-raggedy-studio-still-with-my-work-uniform-on/) [Sharon Jones](https://sms4smile.com/quotes/author/sharon-jones/) > [They have a new CEO in Wells Fargo . I don't know much about him. The lady who was involved to some degree in…](https://sms4smile.com/quotes/john-kasich/they-have-a-new-ceo-in-wells-fargo-i-don-t-know-much-about-him-the/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [ I don't know the extent to which they do business \[ in Wells Fargo\]. I just want to see how this thing continues to… ](https://sms4smile.com/quotes/john-kasich/i-don-t-know-the-extent-to-which-they-do-business-in-wells-fargo-i/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [I have no views as to where it will be, but the one thing I can tell you is it won't do anything between…](https://sms4smile.com/quotes/warren-buffett/i-have-no-views-as-to-where-it-will-be-but-the-one-thing-i-can-tell/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The constant drip drop of fraudulent activities coming out of Wells Fargo is absolutely outrageous.](https://sms4smile.com/quotes/maxine-waters/the-constant-drip-drop-of-fraudulent-activities-coming-out-of-wells/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [ Everybody who was involved in that culture \[Wells Fargo\] should be held accountable. ](https://sms4smile.com/quotes/john-kasich/everybody-who-was-involved-in-that-culture-wells-fargo-should-be-held/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they…](https://sms4smile.com/quotes/myron-scholes/i-was-involved-with-wells-fargo-bank-as-a-consultant-in-the-late/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [ There is no way they should walk out of that place \[Wells Fargo\] with millions, tens of millions, tens and tens of millions of… ](https://sms4smile.com/quotes/john-kasich/there-is-no-way-they-should-walk-out-of-that-place-wells-fargo-with/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [ It's an individual morality in values that matters in these companies \[like Wells Fargo\]. I mean, they ought to clean house. And they ought… ](https://sms4smile.com/quotes/john-kasich/it-s-an-individual-morality-in-values-that-matters-in-these-companies/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [One of my major competitors was Harold Smith. Smith beat me in 1977. I was loafing during that competition.](https://sms4smile.com/quotes/edwin-moses/one-of-my-major-competitors-was-harold-smith-smith-beat-me-in-1977-i/) [Edwin Moses](https://sms4smile.com/quotes/author/edwin-moses/) > [Our investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money,…](https://sms4smile.com/quotes/jamie-dimon/our-investment-bank-looks-like-it-does-because-its-customers-like-our/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for…](https://sms4smile.com/quotes/jamie-dimon/as-a-matter-of-fact-25-of-our-u-s-investment-banking-business-comes/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) ## More by Jamie Dimon > [I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster.…](https://sms4smile.com/quotes/jamie-dimon/i-think-if-we-had-another-set-of-policies-for-not-the-crisis-years/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [The United States has the best, deepest, widest, and most transparent capital markets in the world which give you, the investor, the ability to…](https://sms4smile.com/quotes/jamie-dimon/the-united-states-has-the-best-deepest-widest-and-most-transparent/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [People always say to me, "What if it doesn't work?" If it doesn't work, we redouble our effort. We're not going to cry like…](https://sms4smile.com/quotes/jamie-dimon/people-always-say-to-me-what-if-it-doesn-t-work-if-it-doesn-t-work-we/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [We've made a huge effort globally and in the US, in getting kids jobs. This is one piece. The South Bronx and inner-city schools…](https://sms4smile.com/quotes/jamie-dimon/we-ve-made-a-huge-effort-globally-and-in-the-us-in-getting-kids-jobs/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [You know, the benefit in life is to say, 'Maybe you made a mistake, let's dig deep.](https://sms4smile.com/quotes/jamie-dimon/you-know-the-benefit-in-life-is-to-say-maybe-you-made-a-mistake-let-s/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We…](https://sms4smile.com/quotes/jamie-dimon/jp-morgan-always-has-higher-capital-liquidity-that-is-partially-to/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Trade is very good for the country. It's very good for the GDP. It's good for wages, but it doesn't mean it's always good…](https://sms4smile.com/quotes/jamie-dimon/trade-is-very-good-for-the-country-it-s-very-good-for-the-gdp-it-s/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I've asked our people, "Why don't we just put a revolver on top of our basic loan?" Make it easier for the client.](https://sms4smile.com/quotes/jamie-dimon/i-ve-asked-our-people-why-don-t-we-just-put-a-revolver-on-top-of-our/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for…](https://sms4smile.com/quotes/jamie-dimon/as-a-matter-of-fact-25-of-our-u-s-investment-banking-business-comes/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [ Not every company went bankrupt. Not every bank needed TARP \[Troubled Asset Relief Program\]. So I'm very proud that JPMorgan, throughout that time period,… ](https://sms4smile.com/quotes/jamie-dimon/not-every-company-went-bankrupt-not-every-bank-needed-tarp-troubled/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I do want the tax system to be efficient and be conducive to growth, which it is not.](https://sms4smile.com/quotes/jamie-dimon/i-do-want-the-tax-system-to-be-efficient-and-be-conducive-to-growth/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [ There are parts \[in Dodd-Frank\] that I don't agree with. But, in total, it is what it is. ](https://sms4smile.com/quotes/jamie-dimon/there-are-parts-in-dodd-frank-that-i-don-t-agree-with-but-in-total-it/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [It's good for America when the rest of the world grows, because you can sell more to the rest of the world.](https://sms4smile.com/quotes/jamie-dimon/it-s-good-for-america-when-the-rest-of-the-world-grows-because-you/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [We had a lot of gridlock on a lot of issues. But, the American system is pretty resilient.](https://sms4smile.com/quotes/jamie-dimon/we-had-a-lot-of-gridlock-on-a-lot-of-issues-but-the-american-system/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I don't think you're going to have one bank. Big companies aren't going to give us all their business. So they can pick and…](https://sms4smile.com/quotes/jamie-dimon/i-don-t-think-you-re-going-to-have-one-bank-big-companies-aren-t/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) [Explore all 257 Jamie Dimon quotes ](https://sms4smile.com/quotes/author/jamie-dimon/) ## More Building quotes > [You, of Canada, are building a magnificent record of achievement. My country rejoices in it.](https://sms4smile.com/quotes/dwight-d-eisenhower/you-of-canada-are-building-a-magnificent-record-of-achievement-my/) [Dwight D. Eisenhower](https://sms4smile.com/quotes/author/dwight-d-eisenhower/) > [One of the things the United States does well is building coalitions. What the U.S. knows is that if you don't have a coalition…](https://sms4smile.com/quotes/shimon-peres/one-of-the-things-the-united-states-does-well-is-building-coalitions/) [Shimon Peres](https://sms4smile.com/quotes/author/shimon-peres/) > [Surely, if Mother Nature had been consulted, she would never have consented to building a city in New Orleans.](https://sms4smile.com/quotes/mortimer-zuckerman/surely-if-mother-nature-had-been-consulted-she-would-never-have/) [Mortimer Zuckerman](https://sms4smile.com/quotes/author/mortimer-zuckerman/) > [Believing with you that religion is a matter which lies solely between man and his God, that he owes account to none other for…](https://sms4smile.com/quotes/thomas-jefferson/believing-with-you-that-religion-is-a-matter-which-lies-solely/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Peace is an ongoing process. It begins with the first step and it does not end. We, all of us alive today, are the…](https://sms4smile.com/quotes/david-krieger/peace-is-an-ongoing-process-it-begins-with-the-first-step-and-it-does/) [David Krieger](https://sms4smile.com/quotes/author/david-krieger/) > [I've done so many other projects where you're in a room with a reader and you're acting your lines out: 'We have to get…](https://sms4smile.com/quotes/jim-cummings/i-ve-done-so-many-other-projects-where-you-re-in-a-room-with-a-reader/) [Jim Cummings](https://sms4smile.com/quotes/author/jim-cummings/) > [Absolutely, you can improve and become better at toughness. It's a talent, but it can be acquired, too. I think of it like building…](https://sms4smile.com/quotes/jim-harbaugh/absolutely-you-can-improve-and-become-better-at-toughness-it-s-a/) [Jim Harbaugh](https://sms4smile.com/quotes/author/jim-harbaugh/) > [ T\]he church is not a place. It's not a building. It's not a preaching point. It's not a spiritual service provider. It's a people… ](https://sms4smile.com/quotes/mark-dever/t-he-church-is-not-a-place-it-s-not-a-building-it-s-not-a-preaching/) [Mark Dever](https://sms4smile.com/quotes/author/mark-dever/) > [I'd like to play Ian Paisley, actually. I'd need building up, though he's very frail now.](https://sms4smile.com/quotes/liam-neeson/i-d-like-to-play-ian-paisley-actually-i-d-need-building-up-though-he/) [Liam Neeson](https://sms4smile.com/quotes/author/liam-neeson/) > [Death is but an aspect of life, and the destruction of one material form is but a prelude to building up of another.](https://sms4smile.com/quotes/anonymous/death-is-but-an-aspect-of-life-and-the-destruction-of-one-material/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Some architects have a preconceived notion of what a building should be](https://sms4smile.com/quotes/curtis-w-fentress/some-architects-have-a-preconceived-notion-of-what-a-building-should/) [Curtis W. Fentress](https://sms4smile.com/quotes/author/curtis-w-fentress/) > [As for the forces, electromagnetism and gravity we experience in everyday life. But the weak and strong forces are beyond our ordinary experience. So…](https://sms4smile.com/quotes/edward-witten/as-for-the-forces-electromagnetism-and-gravity-we-experience-in/) [Edward Witten](https://sms4smile.com/quotes/author/edward-witten/) > [I'm 30. I'm about to hit my prime now. I need to act and keep building.](https://sms4smile.com/quotes/dillian-whyte/i-m-30-i-m-about-to-hit-my-prime-now-i-need-to-act-and-keep-building/) [Dillian Whyte](https://sms4smile.com/quotes/author/dillian-whyte/) > [The essential functions of the mind consist in understanding and in inventing, in other words, in building up structures by structuring reality.](https://sms4smile.com/quotes/jean-piaget/the-essential-functions-of-the-mind-consist-in-understanding-and-in/) [Jean Piaget](https://sms4smile.com/quotes/author/jean-piaget/) > [Practically every time I speak up at a school conference, a political event, or my apartment building association's annual meeting, I'm met with a…](https://sms4smile.com/quotes/pamela-druckerman/practically-every-time-i-speak-up-at-a-school-conference-a-political/) [Pamela Druckerman](https://sms4smile.com/quotes/author/pamela-druckerman/) [Browse all 5,974 Building quotes ](https://sms4smile.com/quotes/about/building/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very successfully building its U.S. investment bank.", "creator": { "@type": "Person", "name": "Jamie Dimon" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/jamie-dimon/i-learn-from-all-our-major-competitors-whether-they-re-in-or-out-of/", "about": { "@type": "Thing", "name": "Building" }, "@id": "https://sms4smile.com/quotes/jamie-dimon/i-learn-from-all-our-major-competitors-whether-they-re-in-or-out-of/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8dc/jamie-dimon-1320_building_i-learn-from-all-our-major-competitors-w_36074.png", "contentUrl": "https://sms4smile.com/quotes/i/8dc/jamie-dimon-1320_building_i-learn-from-all-our-major-competitors-w_36074.png", "url": "https://sms4smile.com/quotes/i/8dc/jamie-dimon-1320_building_i-learn-from-all-our-major-competitors-w_36074.png", "width": 1080, "height": 1080, "caption": "“I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively…” — Jamie Dimon", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Jamie Dimon", "item": "https://sms4smile.com/quotes/author/jamie-dimon/" }, { "@type": "ListItem", "position": 4, "name": "I learn from all our major...", "item": "https://sms4smile.com/quotes/jamie-dimon/i-learn-from-all-our-major-competitors-whether-they-re-in-or-out-of/" } ], "@id": "https://sms4smile.com/quotes/jamie-dimon/i-learn-from-all-our-major-competitors-whether-they-re-in-or-out-of/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```