Andrew Ross Sorkin

Jamie Dimon was asked about, just now by David Rubenstein, about the financial crisis and about whether or not we could have another big financial crisis.

Our question for you is, in this day and age, could we have another 1929-like stock market crash or...

Is the structure just completely different?

Are the protections now in place?

Could it happen again?

Well, so let's talk more about the technology today and sort of parallels and the idea of maybe irrational exuberance and signs of irrational exuberance right now.

In reading the book in the 1920s, there was certainly a lot of that, but it seemed like it was more on credit and people buying on margin.

Nowadays, there's the idea of crypto.

Some of that has been kind of pulled back in just a couple of months, actually, since you published the book.

We've seen some stocks fall.

I mean, shocking amounts of leverage.

So there's that side of things.

There's prediction markets and sort of the money that's going into those, the excitement around those.

Totally.

private credit and concerns about private credit that we've seen in the last couple of months.

Any signs of anything there?

So on that, the...

Ultra wealthy today versus the ultra wealthy back then.

And reading the book, there's a lot of, you know, people have their yachts and in some cases actually sailing to work in lower Manhattan on the yacht.

Absolutely.