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Do you understand what the head of JP Morgan Chase Bank just said (finance.yahoo.com)

posted 1 year ago by mitmont123 1 year ago by mitmont123 +204 / -0

JPMorgan CEO Jamie Dimon says he wouldn't be 'a big buyer of a bank' and sounds the alarm on the economy

The JPMorgan executive told a conference that the proposed capital controls on banks will pressure economic growth, alongside other factors.

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– CQVFEFE 4 points 1 year ago +4 / -0

If you can't hold it in your hand, do you really "have" it?

The anti-crypto argument, in 13 words.

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– TaQo 2 points 1 year ago +2 / -0

Amen.

I think it's prudent to hold some and diversify...BUT - certain criteria has to be met in order for it to qualify. Crypto is certainly an exception to my rule, and percentage of "diversified holdings" reflect this.

The cold hard truth is, there are only 2 things worth anything in the whole world:

Things that come out of the ground.*
Skilled labor

Pretty much everything else is worthless bullshit.

*Food, oil, minerals, metals, aggregate, etc

If you have to do mental gymnastics to explain what something is backed by or what gives it worth, beware.

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