Quote of the Day: Jamie Dimon

Jamie Dimon’s in Aspen right now, and Charlie Rose asked him last night about the amount he paid for Bear Stearns. I love the metaphor Dimon used in response:

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

He was even smarter, I guess, not to extend the metaphor any further: I don’t think anybody would appreciate talk of extinguishing the conflagration using a firehose of liquidity.

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