QOTD: Jamie Dimon Addresses His Critics

I would venture to say that banking is not as complex as making airplanes, discovering effective pharmaceuticals, building safe cars, developing innovative electronics and, of course, understanding nuclear physics. There are huge benefits to the complexity involved in those other industries – but there also are sometimes negative consequences.

The question for society is: Are we, in total, better off or worse off because of some of the great products and services that come with complexity? The answer in our opinion is a resounding yes, though you should always strive to minimize the risks. But we want to acknowledge that the difference with banks, as pointed out by critics, is that if and when they make mistakes, they can severely harm the economy. This concern is legitimate...

Let’s call a spade a spade – regardless of your political leanings, if you’re an investor in bank stocks, you want Jamie Dimon as your CEO.

His new letter to shareholders is a good read, even if you disagree with his relentless defense of TBTF banking. He concedes some points to critics but makes reasonable arguments justifying the benefits of scale in the banking industry. Hit the link above to read the whole thing.

What's been said:

Discussions found on the web
  1. orangeville real estate agents commented on Oct 16

    … [Trackback]

    […] There you can find 88244 additional Information to that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

  2. DevOps Strategy commented on Nov 05

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

  3. local service commented on Nov 27

    … [Trackback]

    […] Here you can find 77555 additional Information on that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

  4. rbc online commented on Dec 01

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

  5. bmo mastercard online commented on Dec 05

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

  6. 안전공원 commented on Dec 09

    … [Trackback]

    […] Here you can find 17097 additional Information to that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

  7. influencer marketing company commented on Dec 12

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

  8. replica watches commented on Dec 21

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

  9. 사설토토 commented on Dec 25

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

  10. digital transformation commented on Jan 16

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2015/04/09/qotd-jamie-dimon-addresses-his-critics/ […]

Read this next.