Hi HC, I prefer now to stay on the sidelines with JPM. I didnt like how they dealt with their CD's as a customer- seemed to be a "gotcha" strategy, while they fixed their balance sheet, so I took the pain, (3% charge, and only a 2 week PERSONAL window to avoid CD rolling over for another year) and walked with my CD . Then i didnt like the fact that their system was not working in time,(I got a letter of apology too) and I ended up with a small overdraft (literally 16 dollars) and got charged for that, so I closed my account. Now I'm not sure that Dimon has a good grip on the business, and I'm not sure that we're not witnessing a lot of weaseling on the London whale etc etc..
as i remarked, on Tesla yesterday, the tone comes from the top, and I find this very concerning so I sold the shares too. When things are clearer, and I understand what the stock price should be, then I will look for a re-entry if no better alternatives present themselves.
Buffet, like any of us, can mistake character, but there have been a few more lately than what I recall from before...maybe we are just paying more attention now ? Caveat Emptor ....
btw, we dont know if this agreement will be amended, again ? will buffett sell the wts back to GS for 2 billionish ? does brk have the right to sell them to another party ? we never get all the details ?
maybe we are just paying more attention now ? Caveat Emptor
bird, i suspect more bad guys are getting caught these days , buffett needs to be much more careful with respect to who he gives the, buffett good housingkeeping seal of approval. IF jpm didnt disclose all the problems who knows what the other banks are still hiding ? ITs all a game of chicken.