Jamie Dimon, Chairman and CEO JP Morgan Chase and Company, 2021 Letter to Shareholders

Among the events and forces creating an "unprecedented" situation in Dimon's view are Russia's war on Ukraine, the resulting economic sanctions on Russia, and rising inflation. "We are facing challenges at every turn ... [yet] we have a moment to put aside our differences, offer solutions and work with others in the Western world to come together in defense of democracy and essential freedoms, including free enterprise," he stated in a highlighted excerpt.1

Read More

ARE YOU WORRIED ABOUT THE STOCK MARKET JANUARY DECLINES?

"When I buy a stock, I don't care if they close the stock market tomorrow for a couple of years because I'm looking to the business, Coca-Cola {Apple, Amazon, etc.) or whatever it may be, to produce returns for me in the future. Now, if I care whether the stock market is open tomorrow, then to some extent, I'm speculating because I'm thinking about whether the price is going to ...

Read More

RELAX ALREADY, YES INFLATION IS HIGHER THAN IN THE PAST 13 YEARS, BUT IT’S TRANSITORY!

Transitory means not permanent or temporary.  Now why these big brains cannot bring themselves to say temporary, is beyond me.  For Americans who need to purchase little things like food, gas, pay rent and utilities, kids' clothing and shoes, etc., this "temporary" inflation is taking HARD-EARNED MONEY many Americans simply do NOT have!.  This "temporary" inflation significantly HARMS our most vulnerable Americans.   

Read More

CASH IS LIKE MANURE- YOU HAVE TO SPREAD IT AROUND TO MAKE YOUR INVESTMENTS GROW!

I have recently read several articles stating cash is awful. It concerns me so much, I am willing to make the ultimate sacrifice and take that EVIL cash off your hands. Just mail that evil paper money to me! In reality, we use cash to buy assets that hopefully will increase in value AND beat inflation. Every investment I have made (good and bad), came from cash - home ...

Read More