Jamie: A Truly Outstanding Entrepreneur

Jamie is very astute in investment: He didn't follow the crowd when everyone was buying MBS (Mortgage-Backed Securities). During the 2008 financial crisis, he seized the opportunity to buy at low prices. Later, when the "London Whale" incident caused the company's stock price to plummet, he repurchased shares at a price below book value, continuing until the stock price rose to over $60, and he also bought a significant amount of his company's stock for himself.

Now, as the market is excited about Jamie's acquisition of Silicon Valley Bank and the profitability of the wealth management business, he warns that repurchasing shares at twice the book value would be a wrong decision. He doesn't care that this statement could lead to a $20 billion loss for the company in a single day.