“Some things never change – there will be another crisis, and its impact will be felt by the financial markets”
— Jamie Dimon
Simplified Meaning:
Problems and troubles will always come up in life, including in the financial world. When issues arise, like wars or economic downturns, the stock market and other financial systems often react strongly. For instance, if a big company suddenly goes out of business, it can cause stock prices to drop and make people worried about their investments. History has shown us this pattern — from the Great Depression in the 1930s to the 2008 financial crisis. People with investments or loans should be prepared for these kinds of problems, as they can happen at any time. By understanding that these crises are part of life, investors can plan better and not panic when things go wrong, perhaps by diversifying their investments or having some savings set aside.
