how big is it, jamie?
For one, Dimon’s first instinct is to obnoxiously misinterpret Mayo’s question, putting words in his mouth, which you can tell he thinks is really clever – he thinks he’s mugging for the crowd, showing how easily he can bully Mayo. But actually all he’s done with his “So you would go to UBS and not JP Morgan Chase?” line is admit that his bank has a lower capital ratio than UBS, something that Mayo only implied, but never came out and said openly. So Dimon thinks he’s pushing Mayo around, and thinking he’s a big tough guy doing it, but actually he’s just helping Mayo make his point. It’s classic.
And the “That’s why I’m richer than you” line is a perfect example of how these guys think. Question: You say two plus two is six, but sir, isn’t it really four? Answer: No, because I have a huge cock. [Unzips.] [Raucous laughter.] That’s really the level these guys think at.