Best Finance Quote of 2008 (so far)

Jamie Dimon, on determining the purchase price of Bear Stearns:

“Buying a house and buying a house on fire are two different things.”

Watch the entire interview with Charlie Rose at Calculated Risk.

UPDATE: At 40:45 into the video, Dimon talks about what you must have in a management team, with particularly emphasis on “truth telling.” Insightful, and an otherwise scarce viewpoint.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.