Wednesday, February 27, 2013

The Pathology of Arrogance

Jamie Dimon, the president of J.P. Morgan recent responded with "that's why I'm richer than you," in response to a question from an analyst during the earnings call for the company.

First, if Dimon's first response to a legitimate question is to belittle the interviewer, he is every bit the dickhead that many assume him to be. Second, it is utterly laughable that he thinks he is richer than someone else because of some skill or quality on his part. He is richer because of his life, his connections, his upbringing.

How can I say without doubt that it has nothing to do with his skill? Well, if not for the goddamned government bailout, J.P. Morgan would have gone out of business. And it is currently earning almost nothing once tax payer subsidies are taken away.

Yeah. He's brilliant.

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