People always say to me, "What if it doesn't work?" If it doesn't work, we redouble our effort. We're not going to cry like a bunch of babies. We're going to redouble our effort.

You know, the benefit in life is to say, 'Maybe you made a mistake, let’s dig deep.'

Usually, something that is fairly expected is already factored in. I also think that you have to think that America is raising rates because the economy is getting stronger.

There are two types of depreciation. There is one where you're manipulating currencies. And that's not what Japan is doing.

Because of that [Brexit], you're going to have slow growth and, unfortunately, while there may not be huge volatility, there will be volatility.

One of the issues with some of these lenders is going to be, where will their provider of credit be when there's a crisis? That's why some of these smarter services, to support their operations, are courting more permanent capital. They want a source of longer-term funding that can survive a crisis.

JPMorgan is a very good franchise. And the way you should look at a franchise, a business, is from the standpoint of the customers.