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Shrewd investment strategies my anatomy.
In testimony prepared for a hearing today, Dimon expressed regret over losses in the bank’s chief investment office, saying that its trading strategy was “poorly conceived and vetted” by senior managers who were “in transition” and not paying adequate attention.
They put it all on double-zero and let it ride, then, when they spun the wheel, they discovered they had forgotten to fix vet the wheel.
This is failed strategy on Wall Street.
