James P. Gorman Quotes

Wealth management businesses are capital light businesses.

There's more honor in investment management than in investment banking.

We have a very competitive and profitable investment bank and strong asset management capabilities. We want to continue to build on all those businesses organically.

We at Fidelity view ourselves just as much a financial information processing company as an investment management firm. That may not be too newsworthy.

I founded SkyBridge - an alternative investment management company focused on seeding and partnering with emerging managers and mentoring Wall Street's next generation of Wall Street's entrepreneurs - in 2005.

I have nothing against investment banking, but it's like massaging money rather than creating money.

I started a business with two guys I played with, Ronnie Lott and Harris Barton: Champion Ventures, it's a fund of funds. We have $400 million or so under management.

When you hear of somebody named Goldberg, you think of a guy sitting behind a desk investing your money.

Somebody needs to position you and introduce you, but after that, most of the bankers get represented with their large clients; mostly investors are their long-term clients and an investee is a short term client.

I hated being a junior investment banker. I loved the research business, the wealth management business.

I'm not looking for hobbies, I'm looking for investments.

If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.

As an investment banker, I'm in the cross-flow of information and the changes that are taking place in capital markets.

I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.

Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.

I invest in funds myself even though I run my own fund for my daughters.

The ability to manage large assets well - it's like being Michael Jordan or winning the gold in the Olympics; it's what you aspire to.

All I'm trying to do is manage money and take care of my shareholders.

As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.

You may have seen my firm's ads screaming, 'I Hate Annuities.' Folks ask why we run them. Simple: Because I do.

One of the great responsibilities that I have is to manage my assets wisely, so that they create value.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

We don't think of ourselves as a regional investment bank. We think of ourselves as merchant bankers with clients all over the country.

I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it.

I happen to love financial services.