A letter from JP Morgan CEO to gold diggers

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mfs1013
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01 Dec 2013, 3:50 pm

came across this on Facebook and i thought i would share it with you guys...

http://laluttecontinue.tumblr.com/post/ ... ld-diggers

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leafplant
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01 Dec 2013, 4:11 pm

It's kind of sad. Used to be gold diggers were at least intelligent as well as beautiful, but the profession has gone to the dogs these days.

Venger
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01 Dec 2013, 5:31 pm

Well he said her beauty depreciates with age, and it's the world's 2nd oldest profession after all.

FlanMaster
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01 Dec 2013, 5:44 pm

I thought tax collecting was the world's oldest profession.

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Ann2011
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01 Dec 2013, 5:52 pm

Seems reasonable to me. Youthful beauty - of course degrades. It's like driving a new car off the dealer's lot. If you've got nothing else to offer, that's too bad (that goes for men or women.)

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auntblabby
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01 Dec 2013, 6:04 pm

for a so-called smart set kinda fella, his grammar and syntax are not the greatest. what he said was not especially witty or wise. a man of his intelligence level and edumacation woulda been expected to have done lots better.

ehymw
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01 Dec 2013, 6:08 pm

Real or not it made me smile.

JanuaryMan
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01 Dec 2013, 6:18 pm

auntblabby wrote:

I'm not too sure what else he exactly needed to say. Regardless of his grammar and punctuation, he gave her an equally shallow response to highlight the flaws in her argument.

Stargazer43
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01 Dec 2013, 6:29 pm

Somehow I don't think that the CEO of chase would post a message like that on an online forum. I'd have to see it reported in a more reputable place to believe it.

JanuaryMan
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01 Dec 2013, 6:51 pm

Stargazer43 wrote:

Somehow I don't think that the CEO of chase would post a message like that on an online forum. I'd have to see it reported in a more reputable place to believe it.

Hmm, a bit like that fake Morgan Freeman political message that was doing the rounds on Facebook? I guess you might be right. Still, whoever wrote the response to Ms. Pretty made a good point (providing he is actually rich and not yet another keyboard warrior).

Fnord
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01 Dec 2013, 9:07 pm

J.P. Morgan wrote:

Put the details aside, what you’re trying to do is an exchange of "beauty" and "money": Person A provides beauty, and Person B pays for it, fair and square.

However, there’s a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can’t be prettier year after year.

Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It’s not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worse 10 years later.

So why not just rent her "beauty" for ten years, and then kick her to the curb?

J.P. Morgan wrote:

Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you.

Well, there you go, J.P.! There are literally millions of such women out there, with millions more turning 18 every day.

It's a buyer's market, and the sellers are dealing in goods that lose their value with every tick of the clock.

zacb
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01 Dec 2013, 11:46 pm

Ann2011 wrote:

Check. Almost prophetic

Fnord
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02 Dec 2013, 9:08 am

Stargazer43 wrote:

Somehow I don't think that the CEO of chase would post a message like that on an online forum. I'd have to see it reported in a more reputable place to believe it.

Whether or not J.P. actually wrote it, what it said about gold-diggers is true - what they're exchanging for wealth loses it's value over time.

There will always be more girls coming along who would rather "dress up all in lace and go in style" for "a rich old man ... with hands as cold as ice" than go to college.

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