Thursday, July 10, 2008 1 comments ++[ CLICK TO COMMENT ]++

Jamie Dimon Interview with Charlie Rose (Part II)

Here is the second part of the Jamie Dimon interview, conducted by Charlie Rose. This isn't necessarily going to help your investing but it's a pretty good motivational interview with a business leader. Whether you like him or hate him, Jamie Dimon is one of the best bankers right now.

I remember John Mauldin saying that someone needs to play the role of John Pierpont Morgan during the Panic of 1907 and he thought it might be someone like Warren Buffett. Well, so far it looks like Jamie Dimon, on behalf of JP Morgan shareholders, is the one that seems to have prevented a total collapse of a big chunk of the financial economy by buying Bear Stearns with very little time for due diligence. It's amazing to think how Tim Geithner of the New York Federal Reserve was arguing with Jamie Dimon for hours and trying to make him buy Bear Stearns.

I have no idea if the takeover of Bear Stearns is as monumental as I think it is; but if the credit crisis subsides, Jamie Dimon will cement his position as the top banker on Wall Street. As I mentioned in an earlier post, JP Morgan has the largest (nominal) exposure to derivatives last time I checked a few months ago, so he has his work cut out for him. So far, though, JP Morgan is way ahead of Citigroup and Bank of America in my opinion...

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1 Response to Jamie Dimon Interview with Charlie Rose (Part II)

July 15, 2008 at 11:04 AM

This video was very interesting. His comments on Bear and business management are great.

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