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All Quotes by author - James P. Gorman
" As much as the banking system may not be terribly popular, it is an essential part of the economy. "
System
Economy
May
" Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together! "
Creative
You
Sexy
" Bringing world leaders together as human beings rather than political machines is very important. "
World
Important
Political
" Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically. "
People
Done
Museums
" Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy. "
Now And Then
Run
Now
" I am very proud of my Australian roots. "
Australian
I Am
Proud
" I certainly have no regret living in the U.S. The quality of life in Australia is good, but it is bloody good here as well. "
Life
Living
Quality
" I figured if you live in a country long enough, you want to be a part of the political process, and you sort of owe it to your hosts. They've accepted you. Why wouldn't you accept them? "
Live
Why
You
" If you're just interested in the prestige of banking, that's not what's going to sustain you. You have to be interested in what we do: managing and originating capital, helping issuers and investors come together is great, bringing these companies to life. "
Great
Life
Banking
" If you underperform for your owners, eventually they pick up their bat and ball and go home. "
Go
You
Ball
" 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. "
Way
Everything
People
" I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank. "
Clear
Fan
Rid
" I'm married to a health-conscious American. I try to eat well, but definitely, as an Australian, you have some of the red meat, lamb, steak, barbecues as part of your culture. "
Meat
American
Culture
" I'm not that interested in just being around powerful people for the sake of it. "
Just
Powerful
Sake
" I'm one of 10 children, and all my brothers call me Jim. And all my sisters... well, they call me something even more affectionate. My mother calls me James, and I do what my mother tells me. "
Well
Mother
More
" I think Americans are very verbal and Aussies are more circumspect, and that can come across as being clearer. It can also come across as abrupt and cold. Some people find me to be abrupt and cold. That's just my personal style. "
Some People
People
Me
" I think anybody who says they don't care about being liked is lying. I care if my dog waves its tail when I come home. But you're not going to make everybody happy. "
Waves
Dog
Think
" 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. "
Messed Up
People
Honest
" Markets shouldn't be moving in a straight line. "
Straight
Line
Moving
" That is what made America great: that everyone had the opportunity to be a winner. And I think it's still there. I'm certainly a beneficiary of it. "
Opportunity
Great
Think
" The basic architecture of Dodd-Frank makes sense. At the same time, as a number of regulators and legislators have observed, the act was a complex effort that produced thousands of pages of rules. "
Architecture
Rules
Same
" There are elements of Dodd-Frank that clearly need to be curtailed. "
Clearly
Need
Elements
" 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. "
Question
Society
Two
" The U.S. is becoming an industrial heartland again. "
Becoming
Again
Industrial
" The world is getting better, but not in a straight line. "
Better
Line
Getting Better
" 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. "
Running
Business
Doing
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