[Guys like Jamie Dimon have been in banking for forty years - they have seen this all before.]
It’s not so much that Dimon’s a genius as this ain’t rocket science. More leverage = more risk. SBF lacks the right balance of caution and risk-taking necessary to be a banker. Of course, he’s only 30, so doesn’t know any better.
25 posted on 11/10/2022 5:09:30 PM PST by Zhang Fei
(My dad had a Delta 88. That was a car. It was like driving your living room)