Jamie Dimon, CEO of $JPM, has fired people for running good meetings.
Not bad meetings. Good ones.
His definition of a bad meeting: it ends with "great session, let's pick this up next week."
No owner. No deadline. No accountability.
The people who run those meetings, he calls them "good bureaucrats." They love the process. They angle for the next job. They pound their chest. They grade themselves on activity, not outcomes.
"If you don't get rid of them, no one believes you."
He's applied this at $JPM, the most profitable bank in history, for 20 years.
Bureaucracy doesn't require size. He said it can hit a single branch.
"It's always the manager, stupid."
The full clip is worth 3 minutes of any leader's time.
BESSENT: Many blue states are refusing to include parts of Trump’s working-class tax bill, no tax on tips, overtime, Social Security, or American made cars bc of TDS. They want to hurt their own ppl to keep them from doing well. The One BBB is retroactive and ppl have not changed their withholding for 2025, so in Q1-26, working families will see $1-2K refunds as those benefits kick in.
EISEN: “You've taken stakes in 5 companies now. Are there going to be more?”
BESSENT: “I wouldn't be surprised. When we get an announcement like this week with China on rare earths, you realize we have to be self-sufficient or we have to be sufficient with our allies”
That’s exactly what I talked about below. The data shows how even a small disruption just 10–25%, in rare earth supply could hit hundreds of thousands of U.S. jobs and shave off a chunk of industrial output.
We’ve built our most advanced industries EVs, wind turbines, semiconductors, defense tech on materials we don’t control. And when one country dominates the supply chain, every policy move or export cut becomes a risk to the entire economy.
Strategy has acquired 525 BTC for ~$60.2 million at ~$114,562 per bitcoin and has achieved BTC Yield of 25.9% YTD 2025. As of 9/14/2025, we hodl 638,985 $BTC acquired for ~$47.23 billion at ~$73,913 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/hodshO40ma
🚨 Announcing The Jack Mallers Show 🚨
The Money Matters Podcast is now The Jack Mallers Show.
Same host. Same mission. New name.
Breaking down the biggest stories in #Bitcoin, macroeconomics, financial markets, and the future of money.
@elonmusk@DOGE how about some love for CPAs and taxpayers? Please create a federal tax payment lookup site. The amount of waste surrounding practitioner time, taxpayer time/frustration dealing with delayed refunds, government wasteful spending to manage notices. Win for humanity
Trump is expected to surrender at the Fulton County jail, the local sheriff says. He hasn’t publicly indicated when he intends to surrender, but current expectation is all will be booked there. “Keep in mind, defendants can turn themselves in at any time. The jail is open 24/7,” press release says.