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.

James P. Gorman

Categorized in : Will People Done Financial

If you consider the contribution of plumbing to human life, the other sciences fade into insignificance.

James P. Gorman

plumbing human-life technology

Cats are the ultimate narcissists. You can tell this because of all the time they spend on personal grooming. Dogs aren't like this. dog's idea of personal grooming is to roll in a dead fish.

James P. Gorman

cat dog ideas

Flyfishing, which has a vaguely mystical aura, is a lot like work. I'm a frenetic flyfisherman. I wade up and down streams, looking for good spots, usually falling and breaking some piece of equipment. Or I stand still and work myself into a frenzy about what fly I should use. I love fishing, but it has never given me a moments peace.

James P. Gorman

fishing sea fall

Cats don't bark and act brave when they see something small in fur or feathers, they kill it. Dogs tend to bravado. They're braggarts. In the great evolutionary drama the dog is Sergeant Bilko, the cat is Rambo.

James P. Gorman

cat dog drama

A dog's idea of personal grooming is to roll on a dead fish.

James P. Gorman

cat dog ideas

Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!

James P. Gorman

you sexy together people

The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.

James P. Gorman

consumer driver economic economy

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.

James P. Gorman

great think winner opportunity

The world is getting better, but not in a straight line.

James P. Gorman

getting-better straight better world

I'm not that interested in just being around powerful people for the sake of it.

James P. Gorman

just being powerful people

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.

James P. Gorman

you dog home happy

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.

James P. Gorman

fly you business loss

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.

James P. Gorman

your you red culture

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.

James P. Gorman

great you together life

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.

James P. Gorman

just messed-up reality people

Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy.

James P. Gorman

now run like crazy

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.

James P. Gorman

answer need will society

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.

James P. Gorman

think success people way

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.

James P. Gorman

think me style people

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.

James P. Gorman

good quality regret life