Find Your People
Jamie Diamon is undoubtedly the most well-known and most respected banker in the world today. He has guided and has helped manage JPMorgan through some of the most difficult financial times, including through the Great Financial Crisis.
The recent First Republic Bank transaction adds to Mr. Dimon’s legacy, it has become easy to draw comparisons between him and the man for whom his bank is named. Back in 1907, John Pierpont Morgan Sr. famously locked his Wall Street peers inside his office and refused to let them out until they agreed to join him in bailing out the panic-stricken financial system.
Another nod to Jamie's stellar reputation came from Warren Buffett back in 2012, when Buffett suggested that President Barack Obama make Mr. Dimon Treasury secretary. While he wasn't interested in the Treasury position, Mr. Dimon is now Wall Street’s longest-serving C.E.O.
"Most decisions are not binary, and there are usually better answers waiting to be found if you do the analysis and involve the right people." - Jamie Diamon, CEO of JPMorgan
In terms of your finances, find your people that can help you with these non-binary decisions:
Life is full of decisions that are not answered with a simple yes or no.
-Paul R. Rossi, CFA
Note: The term, "find your people," I first remember hearing many years ago from a friend of mine Vinny Catalano. I give him credit for igniting the idea of how important, powerful, and enjoyable it is when working with the right people. Thank you Vinny.
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