Thursday, March 29, 2012

A reply from CEO of J.P. Morgan to a pretty girl seeking a rich husband

A reply from CEO of J.P. Morgan to a pretty girl seeking a rich husband

A young and pretty lady posted this on a popular forum:

Title: What should I do to marry a rich guy?

... I'm going to be honest of what I'm going to say here.

I'm 25 this year. I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above.

You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in New York.

My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married?

I wanted to ask: what should I do to marry rich persons like you?

Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit.

If someone is going to move into high cost residential area on the west of New York City Garden(?), $250k annual income is not enough.

I'm here humbly to ask a few questions:
1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)
2) Which age group should I target?
3) Why most wives of the riches are only average-looking? I've met a few girls who don't have looks and are not interesting, but they are able to marry rich guys.

4) How do you decide who can be your wife, and who can only be your girlfriend? (my target now is to get married)

Ms. Pretty

A philosophical reply from CEO of J.P. Morgan:

Dear Ms. Pretty,
I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyse your situation as a professional investor.

My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.

From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain.

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.

By the terms we use in Wall Street, every trading has a position, dating with you is also a "trading position".
If the trade value dropped we will sell it and it is not a good idea to keep it for long term - same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will be sold or "leased".

Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income.This has better chance than finding a rich fool.

Hope this reply helps.

signed,
J.P. Morgan CEO

3 comments:

  1. That was an honest reply from J P Morgan..

    My daughter is only 14yrs old and few days back posed similar questions however not in terms of $ but more of wanting to get a Japanese as her future husband, so I told her, OK.. let me blog and get some replies for you! haha..

    She attended Preschool with 2Japs teachers whom she dearly love.. over the years went crazy on origami/anime/manga/Jap movies -drama - learnt Japanese (spoken and written)online and singing Jap songs all the time, and just ask her about Japanese traditional food/culture or happenings etc. Even now thinking of career path as a Manga artist/writer so she can go and study/work in Japan!!!

    For history lessons, Japanese occupation of Malaya is her favourite topic! huh!

    Just dont understand what really got into her..

    Cheers

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  2. I totally agree with you J , A.ELIDRISSI CEO

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  3. Mr. CEO, Very wise words, although I have to say that I disagreed with your lecture. I think Ms Pretty had some hope of finding herself a rich husband. Let me explain: First: You have mentioned in your comment that rich guys are not full; well let me tell you that I crossed in my path a couple of guys with more money than sense; so not everything is lost yet. Second: You very well explained the reasons why Ms Pretty was not an asset to the rich husband but more a burden which I totally disagree. If Ms Pretty is smart enough she could become a personal asset with emotional value to her husband ( I am sorry I am referring Ms Pretty as an object, it is only as part of the explanation to Mr. CEO; I have to use terms that he could understand) If I well remember from my old days at law school, the sentimental value of an object derives from the personal memories associated with it, rather than material worth (with no determine monetary value and therefore no devaluation) This being said I am in a position to tell that if Ms Pretty can became a sentimental value property for said rich husband (apologized again for such comparison) he may even develop a total dependency feeling torch said affectionate object. On the other hand I support the idea of CEO that invited Ms Pretty to achieve an education or future job that could potentially give her $500,000 yearly income status that she so badly wants. With all my respects to CEO I would like to ask him if he is the proud owner of some personal property with sentimental value or he never got to experience any personal memories associated with the use of any of his assets? Good luck in all your endeavors Ms Pretty and please remember richness is not measured by what you possess but rather the affection you experience by the enjoyment of the same

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