JP Morgan’s CEO Jamie Dimon announced a few weeks ago that the bank may take a loss as high as $2B on a trading position established by a London traded dubbed “the whale”. Now, some estimates are as high as $6B and some people are saying that Dimon will have to step down. If this [...]
This is a great interview of Jim Rogers by Maria Bartiromo. Lots of give and take. He is a canny investor and has been mostly right. You should listen to the man.
His best line: finance has had a great thirty years, but there are too many MBAs and not enough farmers. Buy tractors and [...]