James P. Gorman Quotes
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Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.
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Markets shouldn't be moving in a straight line.
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You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason - the banks were undercapitalized, and returns are a function of earnings and capital.
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When it comes time to go into the booth, I will be writing down President Mike Bloomberg.
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Bringing world leaders together as human beings rather than political machines is very important.
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I am very proud of my Australian roots.
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The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services.
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I think Brexit is disappointing from an economic perspective.
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I'm not that interested in just being around powerful people for the sake of it.
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I'm pretty invisible, and that's just fine.
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Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!
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The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.
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Look, you deal with the choices you are confronted with.
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Supply and demand eventually rebalance. We've seen this again and again and again.
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Let's be honest: It wasn't just the banks who messed up. There were a lot of people who tried to buy assets they couldn't afford. That's a reality.
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You can fire your revenues by firing your people.
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The U.S. is becoming an industrial heartland again.
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You can't operate a business running at a loss, and particularly if you're doing it by paying yourselves. It just doesn't fly.
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I have a direct way of speaking. What I do is tend to lay out everything; I tend to tell people what I'm going to do and how I'm going to do it and what is success for us and what's not... without being too parochial about it, I think Aussies are more direct.
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The Brexit vote, the presidential elections in the U.S., a number of the other regional political movements - that's not a flash in the pan.