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6 quotes

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.

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

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

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

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

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