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Valuetainment

Jamie Dimon: The Most Powerful Man In America Who’s Not a President

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 17 July 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

In this episode, Patrick tells the story of Jamie Dimon's epic rise in the world of finance and highlights the principles Dimon used that made JP Morgan Chase the largest and most powerful bank in the United States. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/valuetainment Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: https://www.masterworks.com/cd Connect With Experts On Minnect: https://app.minnect.com/ Get Your Tickets for The Vault 2023 NOW ⬇️⬇️ The BIGGEST EVENT in VT History! **TOM BRADY, MIKE TYSON & PATRICK BET-DAVID on one stage!** https://thevaultconference.com/ Visit our website: https://valuetainment.com/ Subscribe to our channel: http://bit.ly/2aPEwD4 @ValuetainmentMoney @ValuetainmentComedy @bizdocpodcast To reach the Valuetainment team, you can email: info@valuetainment.com

Transcript

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0:00.0

What do you love or hate Jamie Diamond? You got to know what this guy came up from.

0:02.5

By the way, this guy was an assistant, a personal assistant in 1982 for American Express

0:07.3

working for Sandy Wilde, where Sandy eventually ends up becoming the CEO of City.

0:12.0

This guy's an assistant, regular guy, working for another guy. Eventually, whatever he touches

0:16.8

turns to gold. Later on, he gets fired by Sandy Wilde and today, CEO of a company that processes

0:23.9

ready $10 trillion a day in 170 currencies in 120 countries and named JP Morgan Chase is the

0:35.4

most systemically important bank in the world by G20. When we learn about this man's come up,

0:43.2

what he's done, you're finally going to realize why so many people behind closed doors

0:48.1

want to see this guy run for office. So some people wonder, well, you know, is Jamie rich?

0:52.9

How rich is Jamie? Well, let me just say when it comes out to Jamie, do you know what he believes

0:56.4

in a lot? Art. Do you know how big his personal art collection is? Take a while, guess.

1:01.9

$10 million? $50 million? $100 million? $200 million. Come on, Pat. $900 million. Here's a look

1:09.6

into his $900 million personal art collection, which has a hidden staircase, fake bookcases and a

1:16.4

secret vault. And you know why? Because this guy understands investments and alternative assets.

1:21.1

And that's why today's sponsor is masterworks for some of you guys that are watching the same

1:24.1

path. Did I count by $900 million worth of art? I got real doors. I don't have fake doors or

1:28.8

fake bookcases. I understand. But masterworks makes it easy for you to invest in a $10 million

1:34.4

piece of art and just buy a piece of share of it. Okay, whether it's Banksy, Warhol, Picasso doesn't

1:38.4

matter. That's what they do. They have nearly 750,000 users today. When you think about contemporary art

1:44.8

versus select assets during high inflation periods of up 3%. Here's what it looks like. Gold does

1:49.8

roughly 0.2%. SMP does 3.8%. Reach to 5%. Emergent market equity is 12.6%. But contemporary art,

1:57.6

23.2%. Durring high inflation. You want to learn more? Click on a link below to learn more about

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