JP Morgan Chase & Co. (JPM): More Uncertainty about Scale of Exposure

JP Morgan Chase & Co. (JPM): More Uncertainty about Scale of Exposure

All of this talk about trading losses and rapidly expanding risk has increased the talk in Washington and New York about either increasing regulation or outright eliminating proprietary trading at banks, something that Dimon has vigorously opposed over the years.

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More