Jamie Dimon took Aim at Insipid Ceo Letters, Criticized Nonsense Regulations, and Struck a Wary on the Economy at the Morgan Stanley US Financial Conference on Tuesday.
The jpmorgan boss said that “some ceos, they’re pretty good; oters are just constant corplate pablum, so I don’t read,” according to an alphasense transcript of his comments.
“I Always Read Buffett’s, Andy Jassy’s, and Jeff Bezos,” Dimon Said, Reference to Berkshire CEO Warren Buffett and the Current Ceos of Amazon.
During the event, The Billionaire Banker Invoked Bezos’ quote that “Your Margin is My Opportunity” to Underscore JPMORGAN’S Competitiveness. He Also Channel Buffett’s Love of Bargains and Willingness to Wait for the Right Opportunity.
“I LIKE BUYING SOCCKS WENE THEY’RE CHEAP,” Dimon Said About JPMORGAN’S Buyback Strategy. “Basically We’re Going to Be Patient,” He Said About The Bank’s Excess Capital, Describing it as “Just Earnings in Store and Cash Waiting to Be Deployed.” That echoes buffett’s view of Berkshire’s Huge Cash Hoard as Dry Powder for Future Deals.
The Head of America’s Biggest Bank Also Spoke Colorphully About Annual Reports, Financial Regulations, and Company Culture. On the subject of 10-ks, he said that “no one reads say anymore makey’re so full of crap.”
In regard to banking regulations, dimon Said “you probably sued the whole Goddamn out Since it doesn’t work – 80,000 pages of shit.” He added that some regulatory calculations are “Through the looking glas” and someone who took time to think saying Say, “What the hell is that?”
Dimon ALSO EMFASED The Value of Open Communication in the WorkPlace, Saying It “Gets Rid of Politics and BS” Wen Meetings Aren’t Just “Run for the Boss.
The Wall Street Heavyweight Issudes a cautious economic outlook, Saying and Expected Employment to Fall and Inflation to Rise a “Little Bit” As the Trump Administration Taxes and Immigration Crackdown Take Effect.
“The Tariffs Are Just Hitting,” Dimon Said. “It May Just Make the Soft Landing A Little Bit Softer” Making “The Ship Go Down.”
