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You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason - the banks were undercapitalized, and returns are a function of earnings and capital.
James P. Gorman
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"You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason - the banks were undercapitalized, and returns are a function of earnings and capital."
— James P. Gorman #workcareer

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You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a v…

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You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason - the banks were undercapitalized, and returns are a function of earnings and capital. — James P. Gorman

About James P. Gorman

James P. Gorman was a Businessman from United States (1958–present).

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Frequently Asked Questions

Who said "You will not see, in my career, the kind of returns this industry had in 2005 a…"?
This quote is attributed to James P. Gorman, a Businessman from United States.
When did James P. Gorman live?
James P. Gorman lived from 1958 – present.
What is this quote about?
This quote touches on Work & Career. Browse more quotes on these themes from the categories page.