--- title: "Meaning & Key Takeaway of: No one has the right to not assume that…" description: "\"No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen.\" —..." image: "https://sms4smile.com/quotes/i/132/jamie-dimon-1320_assume_no-one-has-the-right-to-not-assume-that_1359658.png" --- # No one has the right to not assume that the business cycle… ![“No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen.” quote by Jamie Dimon](https://sms4smile.com/quotes/i/132/jamie-dimon-1320_assume_no-one-has-the-right-to-not-assume-that_1359658.png) [Download](https://sms4smile.com/quotes/i/132/jamie-dimon-1320_assume_no-one-has-the-right-to-not-assume-that_1359658.png) [Open image](https://sms4smile.com/quotes/i/132/jamie-dimon-1320_assume_no-one-has-the-right-to-not-assume-that_1359658.png) > “No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen.” [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. Business cycles are inevitable; expect downturns regularly and prepare accordingly. **In simple terms:** Expect economic ups and downs and plan for them. Key Takeaway Plan for inevitable downturns. Themes economics risk management business strategy Mood cautious pragmatic Type financial advice leadership When to use this quote - financial forecasting - investment decisions - corporate planning Key Concepts cycle theory risk assessment strategic planning Questions to Reflect On - How do you balance optimism with risk? - What signals indicate an upcoming cycle shift? A Different Perspective Overemphasis on downturns can cause overly conservative behavior. ★ ★ ★ ★ ★ No ratings yet [Banking](https://sms4smile.com/quotes/about/banking/) [Business](https://sms4smile.com/quotes/about/business/) [Cycles](https://sms4smile.com/quotes/about/cycles/) ## Related quotes > [The only obligation which I have a right to assume is to do at any time what I think right.](https://sms4smile.com/quotes/henry-david-thoreau/the-only-obligation-which-i-have-a-right-to-assume-is-to-do-at-any/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) > [Why is it when we have a bad experience with a product, we assume it is us, but a bad experience with food, we…](https://sms4smile.com/quotes/jonathan-ive/why-is-it-when-we-have-a-bad-experience-with-a-product-we-assume-it/) [Jonathan Ive](https://sms4smile.com/quotes/author/jonathan-ive/) > [I'm always amazed at how many people assume a business has to lose money before it makes money.](https://sms4smile.com/quotes/robert-kiyosaki/i-m-always-amazed-at-how-many-people-assume-a-business-has-to-lose/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [Everything now, we must assume, is in our hands; we have no right to assume otherwise. If we do not falter in our duty…](https://sms4smile.com/quotes/james-a-baldwin/everything-now-we-must-assume-is-in-our-hands-we-have-no-right-to/) [James A. Baldwin](https://sms4smile.com/quotes/author/james-a-baldwin/) > [“In today’s climate, it’s best to assume that most business models, even successful ones, will have a short lifespan.”](https://sms4smile.com/quotes/alexander-osterwalder/in-today-s-climate-it-s-best-to-assume-that-most-business-models-even/) [Alexander Osterwalder](https://sms4smile.com/quotes/author/alexander-osterwalder/) > [“I'm sure there's some hexplanation. Within every beast there's always some beauty! It's not fair to assume that anyone is bad before we all…](https://sms4smile.com/quotes/perdita-finn/i-m-sure-there-s-some-hexplanation-within-every-beast-there-s-always/) [Perdita Finn](https://sms4smile.com/quotes/author/perdita-finn/) > [I think a lot of people would probably assume that I had a bad relationship with LSU, and I don't think that was ever…](https://sms4smile.com/quotes/tyrann-mathieu/i-think-a-lot-of-people-would-probably-assume-that-i-had-a-bad/) [Tyrann Mathieu](https://sms4smile.com/quotes/author/tyrann-mathieu/) > [We are more prone to generalize the bad than the good. We assume that the bad is more potent and contagious.](https://sms4smile.com/quotes/eric-hoffer/we-are-more-prone-to-generalize-the-bad-than-the-good-we-assume-that/) [Eric Hoffer](https://sms4smile.com/quotes/author/eric-hoffer/) > [“You can't assume i'm in bad shape just because i've run out of the energy to impress you.”](https://sms4smile.com/quotes/curtis-tyrone-jones/you-can-t-assume-i-m-in-bad-shape-just-because-i-ve-run-out-of-the/) [Curtis Tyrone Jones](https://sms4smile.com/quotes/author/curtis-tyrone-jones/) > [Even if you see me fighting, don't assume I am a bad person.](https://sms4smile.com/quotes/jasmin-bhasin/even-if-you-see-me-fighting-don-t-assume-i-am-a-bad-person/) [Jasmin Bhasin](https://sms4smile.com/quotes/author/jasmin-bhasin/) > [There is no evidence that the business cycle has been repealed.](https://sms4smile.com/quotes/alan-greenspan/there-is-no-evidence-that-the-business-cycle-has-been-repealed/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [“Most economists would concede that, in theory, government has the tools to smooth the business cycle. The problem is that fiscal policy is not…](https://sms4smile.com/quotes/charles-wheelan/most-economists-would-concede-that-in-theory-government-has-the-tools/) [Charles Wheelan](https://sms4smile.com/quotes/author/charles-wheelan/) > [Inflation is lower and more stable and the real business cycle fluctuations are more modest.](https://sms4smile.com/quotes/martin-feldstein/inflation-is-lower-and-more-stable-and-the-real-business-cycle/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [The term 'business cycle' is imprecise. Economic fluctuations affect everyone, not just businesses, and they are, unlike astral cycles, anything but regular.](https://sms4smile.com/quotes/kevin-hassett/the-term-business-cycle-is-imprecise-economic-fluctuations-affect/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [ All we can thus far say about the duration of the units of \[the business cycle\] and each of \[its\] two phases is that… ](https://sms4smile.com/quotes/joseph-a-schumpeter/all-we-can-thus-far-say-about-the-duration-of-the-units-of-the/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) ## 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/) > [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…](https://sms4smile.com/quotes/jamie-dimon/i-learn-from-all-our-major-competitors-whether-they-re-in-or-out-of/) [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/) [Explore all 257 Jamie Dimon quotes ](https://sms4smile.com/quotes/author/jamie-dimon/) ## More Assume quotes > [We only call at ducks when their rear ends are towards us. If I'm looking at you and you call my name, then I…](https://sms4smile.com/quotes/jase-robertson/we-only-call-at-ducks-when-their-rear-ends-are-towards-us-if-i-m/) [Jase Robertson](https://sms4smile.com/quotes/author/jase-robertson/) > [Nobody really knows everything, and they can only assume.](https://sms4smile.com/quotes/selena-gomez/nobody-really-knows-everything-and-they-can-only-assume/) [Selena Gomez](https://sms4smile.com/quotes/author/selena-gomez/) > [Partisanship is our great curse. We too readily assume that everything has two sides and that it is our duty to be on one…](https://sms4smile.com/quotes/james-harvey-robinson/partisanship-is-our-great-curse-we-too-readily-assume-that-everything/) [James Harvey Robinson](https://sms4smile.com/quotes/author/james-harvey-robinson/) > [“I just mean, sometimes two people do something unexpected and then by that simple act alone, it just seems they automatically assume it's now…](https://sms4smile.com/quotes/thomas-amo/i-just-mean-sometimes-two-people-do-something-unexpected-and-then-by/) [Thomas Amo](https://sms4smile.com/quotes/author/thomas-amo/) > [I think that we have a number of different health care challenges in our country, and certainly addressing the uninsured is one, and the…](https://sms4smile.com/quotes/debbie-stabenow/i-think-that-we-have-a-number-of-different-health-care-challenges-in/) [Debbie Stabenow](https://sms4smile.com/quotes/author/debbie-stabenow/) > [Is it philosophical, is it quite allowable, to assume without evidence from fossil plants that the family or any of the genera was once…](https://sms4smile.com/quotes/asa-gray/is-it-philosophical-is-it-quite-allowable-to-assume-without-evidence/) [Asa Gray](https://sms4smile.com/quotes/author/asa-gray/) > [Let's assume for the moment that the logic behind Presidents Day is actually sound for certain presidents. Why not have a separate holiday for…](https://sms4smile.com/quotes/ben-shapiro/let-s-assume-for-the-moment-that-the-logic-behind-presidents-day-is/) [Ben Shapiro](https://sms4smile.com/quotes/author/ben-shapiro/) > [We should not assume; however, that just because something is unexplainable by us, it is unexplainable.](https://sms4smile.com/quotes/neal-a-maxwell/we-should-not-assume-however-that-just-because-something-is/) [Neal A. Maxwell](https://sms4smile.com/quotes/author/neal-a-maxwell/) > [I think a lot of fans immediately go, 'ugggh' when they hear that someone is doing a prequel or a remake, they sort of…](https://sms4smile.com/quotes/mary-elizabeth-winstead/i-think-a-lot-of-fans-immediately-go-ugggh-when-they-hear-that/) [Mary Elizabeth Winstead](https://sms4smile.com/quotes/author/mary-elizabeth-winstead/) > [You can never assume that something is going to do well.](https://sms4smile.com/quotes/robert-lopez/you-can-never-assume-that-something-is-going-to-do-well/) [Robert Lopez](https://sms4smile.com/quotes/author/robert-lopez/) > [What we assume, what we have never clearly thought out, controls us.](https://sms4smile.com/quotes/morton-t-kelsey/what-we-assume-what-we-have-never-clearly-thought-out-controls-us/) [Morton T. Kelsey](https://sms4smile.com/quotes/author/morton-t-kelsey/) > [Do not always assume the other fellow has intelligence equal to yours. He may have more.](https://sms4smile.com/quotes/terry-thomas/do-not-always-assume-the-other-fellow-has-intelligence-equal-to-yours/) Terry-Thomas > [Americans assume all British people have at least one servant.](https://sms4smile.com/quotes/martin-freeman/americans-assume-all-british-people-have-at-least-one-servant/) [Martin Freeman](https://sms4smile.com/quotes/author/martin-freeman/) > [It is a mistake to assume that if everybody does his job, it will be all right. The whole system may be in trouble.](https://sms4smile.com/quotes/w-edwards-deming/it-is-a-mistake-to-assume-that-if-everybody-does-his-job-it-will-be/) [W. Edwards Deming](https://sms4smile.com/quotes/author/w-edwards-deming/) > [ If \[Barack\] Obama or the boss or the newspapers or anyone else tells you they're doing this, that, or the other thing, dismiss it… ](https://sms4smile.com/quotes/noam-chomsky/if-barack-obama-or-the-boss-or-the-newspapers-or-anyone-else-tells/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) Browse all 542 Assume quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "No one has the right to not assume that the business cycle will turn! 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