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You Know, The Benefit In Life Is To Say, 'maybe You Made A Mistake, Let’s Dig Deep.'
-Jamie Dimon
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You Know, The Benefit In Life Is
Jamie Dimon
You Know, The Benefit In Life Is To Say, 'maybe You Made A Mistake, Let’s Dig Deep.'
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Mistake
Benefits
Life Is
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Let's Look At Lending, Where They're Using Big Data For The Credit Side. And It's Just Credit Data Enhanced, By The Way, Which We Do, Too. It's Nothing Mystical. But They're Very Good At Reducing The Pain Points. They Can Underwrite It Quicker Using - I'm Just Going To Call It Big Data, For Lack Of A Better Term: "why Does It Take Two Weeks? Why Can't You Do It In 15 Minutes?"
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And If You're 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? Would I Give You This Job If I Wasn't There To Provide Oversight? If You Went To Run Another Company, Would I, As An Investor, Invest In That Company?
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We See Very Broad-based, Moderate, Growth. Most Of The Sectors Are Quite Strong. I Don't See Any Major Potholes, And I Believe [the Economy] Is Strengthening.
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Finance Went From Being A Small Business, Effectively, To Being A Big Business. In Part, That's The Growth Of The World's Wealth. That's Called Savings.
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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.
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