Synopsis
Jamie Dimon, the head of JP Morgan, is worried that the public companies’ universe is shrinking in the US stock markets. While India takes lots of its cues from the US, this is one place where walking in the opposite direction may be a better idea.
More is less or less is more? The answer is, as former US President Bill Clinton once said: “It depends on what the meaning of the word ‘is’ is.” In this case, “is” refers to the quantity of stocks listed on the stock exchanges. Jamie Dimon, chairman and CEO, JP Morgan Chase & Co, lamented in his latest (April 8, 2024) annual letter to the shareholders that public markets are shrinking in the US, as the total number of listed companies are
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