Link: Trader Mike To Visit J.P. Morgan
No, it’s not for a job interview, or to check on Woody’s hedge fund investments. In a move to broaden the teams understanding of risk evaluation Mr. T will be meeting with J.P Morgan Chief Executive James Dimon.
“In an interview this week, Mr. Tannenbaum said the visit is a business trip, not a social call. “I want to see their risk assessment,” he said. “When we make a trade, there’s certain criteria we have in evaluating it. I want to see theirs.” The goal, he added, “is to bring a yellow pad and do a lot of listening and take a copious amount of notes. I’ll be doing a lot of listening.”
another juicy quote:
“Jamie, he’s a pioneer and industry leader in acquisitions and I’m curious to see what his methodology is,” Mr. Tannenbaum said. “I want to see how he runs a team.”
14 Responses to Link: Trader Mike To Visit J.P. Morgan
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Subir Grewal says:
Mr. T has nothing to learn from JP Morgan. Their risk assessment is awful and they’d be bankrupt if not for the US taxpayer bailing them out
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WW85 says:
He could have just logged onto TheJetsBlog. A bunch of us are traders/risk managers. I’m sure the discussion would have been fun.
Please quantify the value of team leadership/good lockerroom presence.
Please quantify the value of football brains vs brawn. Would you rather have Reamer or Gholston, for example? -
JoeDog says:
He should go to Goldman and learn how to short sell Gholston….
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GP says:
Haha JoeDog for the win
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hank/naples says:
JoeDog:
You short on an “Up tick”. Gholstons was when he first signed his BILLION $$$ contract. Since then, it’s been all down slide since then!!!!
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Gholston already trading close to 0. Not much left in that trade. Probably have to buy him soon
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miketaliaferro says:
I’m assuming Tanny has signed up a major chuck of the Morgan Chase NY office staff to use for tackling dummies during training camp.
Not for the players, but for the fans up at Cortland. Kind of a “FanFest” type of thing… to keep the fans interested and entertained, and as a vehicle for fans to blow off some steam during waits to see their favorite players.
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AA says:
Mike is clearly a fast learner, he’s already replaced reliable proven veterans with cheaper inexperienced rookies. The only surprise is that he didn’t find the replacement players from overseas. Rumor has it he’s even considering outsourcing the cheerleaders. Perhaps they will even rename the team the New Delhi Jets :)
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michael says:
mr dimon is a smart businessman. he didn;t bankrupt his company and after being forced to take tarp money , couldn’t wait to pay it back. so get off the headline bull. mr. t is smart and yet like all of us can learn from others. maybe he can sell jpm some seats at the new stadium.
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I think this is a good way for him to spend some hours. Wisdom is the connecting of not so obvious patterns. Keeping your eyes and ears open and exposing yourself to how others do their job can pay off in useful ways. It seems like a low risk high reward investment to me.
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tish says:
One lesson that Mr T should have clearly learned is to stay away from junk bonds. Thus, I do not expect another Gholston in the future.
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JP says:
I like our GM more each season. The fact that he’d reach out to a leading investment bank to learn about risk management shows his smarts and the evolution of the game from good ole boys to smart, data-driven types (really, the evolution of our entire economy). Good job Mr. T.
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Zartan says:
JP,
agreed.Tanny is just getting better,with no ceiling on how good he can get.
Jamie Dimon is no genius. The only reason that JP Morgan was left relatively unscathed by the recent financial crisis is because the company was too slow to react.
Mr. T should be able to teach Dimon a thing or two.