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And Dimon has yet to fulfill one of the primary tasks he was hired for: to generate enduring wealth for shareholders.
Dumb growth is, in many ways, bogus — rather than reflecting enduring wealth creation, it largely reflects the transfer of wealth: from the poor to the rich, the young to the old, tomorrow to today, and human beings to corporate "people". Dumb growth is growth without prosperity.
Zagunis implements a simple strategy here, summed up with the firm's motto: "Enduring wealth comes from owning great companies for a long time".
But I also know that capitalism without restraint does not create broadly based, enduring wealth, that, like communism, it creates "a concentration of unaccountable power that stifles liberty and creativity for all but a few at the top" (Korten).
Similar(56)
The increase is attributed to the fact that, despite enduring large wealth losses, the wealthy recovered quickly as the financial markets improved.
Furthermore, its impacts were unevenly distributed across demographic and economic groups, with mixed and immigrant households in the middle and top wealth quartiles prior to the recession enduring significantly larger wealth losses than natives due, primarily, to their greater losses in primary housing ownership and primary housing values.
The scandal exposed glaring weaknesses in a system built on trust, added to festering — and long-standing — doubts about fairness in admissions and renewed debate over the enduring power of wealth to influence who gets into the most prestigious universities.
Those policies set in a place an enduring set of wealth differentials in property values and incomes that persist to this very day.
Why, I wondered, in the age of Teslas and bitcoin, is the top hat still the enduring symbol of wealth and class?
The play debuted in 1959 but the enduring theme remains: inner wealth is the foundation for outer wealth.
For what we see in the transformative power in the 19th century is not a "collaborative imagining" but a largely individualized enterprise, creating a wealth of enduring and unpredictable innovations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com