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JPMorgan Chase CEO Jamie Dimon\u2019s latest career secret is simple: never make big decisions when you are exhausted, especially at the end of the week.\u00a0<\/p>\n
\u201cMaking big decisions on a Friday when you\u2019re tired is a really bad idea,\u201d Dimon said in a recent interview with NPR<\/a>, when asked to reflect on what he wished his younger self had known.<\/p>\n During the interview, Dimon also framed emotional discipline as crucial to leadership. \u201cAnger doesn\u2019t help,\u201d he said, talking about the kinds of emotions that can throw off a leader\u2019s judgment and another lesson he learned.\u00a0<\/p>\n Dimon, who turned 70<\/a> last month, has spent over two decades<\/a> running JPMorgan, the largest U.S. bank. He said he has \u201clearned and relearned\u201d those lessons over time and admitted that he isn\u2019t perfect: \u201cI still make some of those mistakes, unfortunately,\u201d he said.\u00a0\u00a0<\/p>\n Thomas Roulet, who teaches organizational sociology and leadership at the University of Cambridge, told Business Insider<\/a> that Dimon is right \u2014\u00a0\u201ddecision fatigue,\u201d or a deteriorating ability to process information, can be dangerous. He added that a CEO might feel pressured to make a quick decision as the week wraps up, which can lead to doing so without all the facts or without checking in with the right people first.<\/p>\n \u201cAs a CEO, if you have taken decisions throughout the week without time to recharge, cognitive resources \u2014 a CEO\u2019s ability to juggle and process all information they have to make the right decision \u2014 are depleted by Friday,\u201d Roulet told the outlet.<\/p>\n Roulet also pointed out a structural problem many executives and ambitious professionals face: as the week ends, they face pressure to \u201cjust decide\u201d so teams can move forward, even if they are faced with incomplete data or they haven\u2019t consulted key advisers. Dimon is essentially arguing for pushing back against that tempo and accepting a short delay to avoid a poor, highly consequential decision.\u00a0<\/p>\n Dimon said in the NPR interview that his life purpose was \u201cto make the world a better place.\u201d He said he was raised to have a life purpose, to \u201ctreat everyone well\u201d and to \u201cdo the best you can,\u201d and \u201cthat hasn\u2019t changed.\u201d\u00a0<\/p>\n Dimon argues that purpose, not fleeting happiness, is what actually sustains people through the hard, unglamorous stretches of work. Earlier this year, at the Female Quotient lounge in Davos, Switzerland, he reminded younger workers<\/a> that every job has a \u201cgrunt part\u201d you have to \u201cget over,\u201d and that chasing constant excitement or instant gratification can derail a promising career.<\/p>\n \u201cDo not get a new job,\u201d Dimon said at the event. \u201cSome people are always thinking, and they\u2019re ruining their lives because they should just enjoy what they\u2019re doing.\u201d<\/p>\n Dimon added that there is no substitute for hard work when it comes to building a successful career.\u00a0<\/p>\n \u201cWork hard. There\u2019s no replacement,\u201d he said. \u201cI still see a lot of people who think they can make a shortcut to a heroic \u2018something.\u2019 It\u2019s almost never true.\u201d<\/p>\n<\/p><\/div>\n JPMorgan Chase CEO Jamie Dimon\u2019s latest career secret is simple: never make big decisions when you are exhausted, especially at the end of the week.\u00a0<\/p>\n \u201cMaking big decisions on a Friday when you\u2019re tired is a really bad idea,\u201d Dimon said in a recent interview with NPR<\/a>, when asked to reflect on what he wished his younger self had known.<\/p>\n During the interview, Dimon also framed emotional discipline as crucial to leadership. \u201cAnger doesn\u2019t help,\u201d he said, talking about the kinds of emotions that can throw off a leader\u2019s judgment and another lesson he learned.\u00a0<\/p>\n<\/p><\/div>\nThe dangers of decision fatigue<\/h2>\n
Have a life purpose<\/h2>\n
Key Takeaways<\/h2>\n
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