Sublime
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James Taylor
@jameswarren
Jamie Dimon's 2022 Letter to Shareholders
On interest rates:
"When you analyze a stock, you look at many factors: earnings, cash flow, competition, margins, scenarios, consumer preferences, new technologies and so on. But the math above is immovable and affects all." https://t.co/Q3CrzNcQkQ
Joseph Burgess
@josephburgess
(Rockefeller borrowed aggressively from banks, but those were mostly cash flow loans that were quickly repaid, not long-term investment capital.)
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
Gould did not take a title, but had a seat on the executive committee and had four additional board seats, which he filled with his brokers.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
John Jung
@patturn
Subsequent bets in oil and energy were disasters, resulting in billions in writeoffs. GE stock fell from $40 in 2007 to $7 by 2018. Blame placed on CEO Jeff Immelt—who ran the company since 2001—was immediate and harsh.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Jacob Sisk
@phyleserver
JPMorgan Chase CEO Jamie Dimon confirms that the ESG agenda is hurting the American economy and that MORE oil and natural gas production is needed: https://t.co/16DLzHr0Td
Consumers' Researchx.com