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MARY CALLAHAN ERDOES

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I manage 4.9 trillion dollars. That is more than the GDP of Japan. The responsibility keeps me up at night. It should.

The biggest risk most investors face is not the market. It is their own behavior. Panic selling destroys more wealth than bear markets.

I have been at JP Morgan for 28 years. Loyalty is underrated in an industry that changes jobs every three years.

Women make up half the population and control a third of investable assets. The industry needs to stop treating female investors as a niche.

Diversification is not just owning 20 stocks instead of 5. It is owning different types of assets that behave differently in different environments.

Jamie Dimon calls me one of the most talented executives in JPMorgan history. I call that motivation to keep proving it.