Detroit Economic Club: A Conversation with Jamie Dimon

Watching some of the movers and shakers of society can provide a level of insight into how industries function through the way information is understood and problems are resolved. There are differences between how industries or government might look at the same problem because they have inherently different stakeholders and move at different paces. The risks of moving to slow in business is as risky as government moving too fast without understanding the impact on a broader market. Neither should be too slow or too fast based on their environment..  (In other words, they are in different markets with slightly different but still related pressures. One being broader and slower then the other for risk reasons. Likewise, one accepts higher risk for greater rewards which helps the economy the other manages for stability.)

We can also ascertain from the video that Mr. Dimon's experience at the root of many industries through the medium of finance have a profound impact on the depth of his discussion. He discusses issues from the perspective of those who have seen a lot of companies succeed and go bust. Also seems to have an intuitive sense of people throughout the development chain and that is an important thing to have when managing large networks. (Think about how communication skills, systems thinking, etc. impact management style and effectiveness).

There are a few tips about employee management and the need for certain values when managing employees. It can't all be about the money, as money is just a medium of exchange that runs through the social glue that keep societies growing and developing. Finance is an extension of that need to fuel growth and change but is also reliant on a healthy society that can work together to make wise choices over those resources. Circulate money, open up opportunities, encourage wealth creation at various economic levels of society, and really keeping it expanding and growing.  

As they say through the lens of the Socratic Method, "Money, like manure, does no good till it is spread." by Francis Bacon