Jamie Dimon thinks you shouldn't make important decisions on Friday / Photo: lev radin / Shutterstock.com
Jamie Dimon, head of JPMorgan Chase, the world's largest bank by market capitalization, believes that "making important decisions on a Friday when you're tired is a very bad idea." That's how the financier responded to a question in an interview with media outlet NPR - about what he's learned over the years and what he wishes he'd known earlier in his 30s. Dimon called it "a lesson learned and re-learned" .
By Friday, cognitive resources are depleted, especially if an executive has not had time to recover, confirmed the view of the head of JPMorgan, Cambridge University professor Thomas Ruhle in a commentary for Business Insider. He added that the end-of-week factor can push top managers to make hasty decisions without sufficient information or consultation.
What else Daimon advises
The JPMorgan CEO singled out emotional discipline as a key skill. "Anger doesn't help," he emphasized, referring to habits that can undermine the ability to make rational decisions. He admitted that he still continues to make such mistakes despite years of experience.
Dimon also touched on the broader issue of life guidance, noting the importance of having a "purpose to make the world a better place". He recalled that the phrase "pursuit of happiness" from the U.S. Declaration of Independence originally meant not happiness in the modern sense, but specifically having a desire to make the world a better place. "It can be a profession as an artist, a politician, a reporter. You can be a caregiver or a Ma," Dimon said, adding that contributions to society are possible in many different forms.
This article was AI-translated and verified by a human editor
