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Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase by Duff McDonald
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“As often occurs with Wall Street alchemy, a good idea started to be misused—and a product initially devised to insulate against risk soon morphed into a device that actually concentrated dangers.” Money was still cheap in”
Duff McDonald, Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase
“Run your business knowing it might be sunny, it might be stormy, or in fact it might be a hurricane,” he said. “And be honest about how bad a hurricane might be.” The goal was not only to earn high returns at the top of the cycle but also to avoid giving them back at the bottom.”
Duff McDonald, Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase