“Knowledge Equals Power at J.P. Morgan”

Wall Street Journal, September 26, 2013 C10 http://on.wsj.com/194jfcA

At the risk becoming myopic, I note again the case study of J.P. Morgan.

Despite possible settlement figures of $11 billion plus (a third of 2013 forecast net income), settlement may be good for the company’s investors. Stock went up 3% yesterday. Legal fees $1.5 billion for the quarter!  Or more.

The headline perhaps should be “Certainty Brings Calm to J.P. Morgan.”  But certainly, Certainty = Value, or it’s corollary, Uncertainty (e.g., risk) = <Value>.  Here, perhaps, the damage will have been monetized, or quantified, and the risk of variance mitigated.  Similar cases abound.

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Filed under Definition, Risk, Value

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