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Jamie Dimon, CEO of JPMorgan Chase, has a wealth of experience and wisdom. When asked what advice he would give his 20-year-old self, Dimon offered some invaluable insights that can benefit anyone.
Photo: Jason Alden/Bloomberg
Dimon starts with a straightforward yet powerful message: "You have to work hard." Hard work is essential, but he stresses that it's equally important to work smart. Many people waste time and don't think carefully about their actions. He refers to a famous quote, "I'm sorry I wrote you such a long letter. I didn't have time to write a short one." This highlights the importance of clear and concise thinking and respecting others' time by being well-prepared.
Having a solid decision-making process is crucial. Dimon advises against becoming easily swayed or "weaponized" by emotions or external pressures. Keeping a cool head and not letting your temper get the best of you can save you from unnecessary apologies and regrets.
Dimon also emphasizes the importance of continuous improvement.
"Have a thought process around things that are complicated and you'll get better over life," he says.
You don't need to have all the answers immediately. Taking time to think things through can lead to better decisions.
A key part of Dimon's advice is about balance. He tells everyone at JPMorgan to take care of their mind, body, spirit, soul, friends, family, and health. Neglecting these areas can make everything else in life more difficult. Dimon shares wisdom he once heard in a speech: "You can have it all, you just can't have it all at the same time." This means prioritizing and managing different aspects of your life as they come.
In essence, Jamie Dimon's advice combines hard work, smart decision-making, emotional control, continuous self-improvement, and balance in life. These principles can guide anyone towards a more successful and fulfilling life.
Listen to him: