Michael Cembalest

4 statements across 1 episodes · 1 bullish · 2 bearish · 1 people on the record · first statement Apr 23, 2018 by Michael Cembalest · said 4 times in 2 episodes since 2017 · across every show →

On the record as a speaker too: Michael Cembalest's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Meredith Jenkins (2), David Zorub (2)

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Everything said about Michael Cembalest, oldest first

Apr 23, 2018 positive
Insight
Cembalest: Senior Leaders Must Reassure Investors After Well-Founded Losses
“Sometimes just an email, or asking a very senior person, hey, you know what, somebody just lost a bunch of money today. Can you give them a pep talk? Can you send an email? Tell them it's okay. We need investors to be able to take risk. And this risk was well-…”
Michael Cembalest Apr 23, 2018 ▶ 1:05:51 Michael Cembalest – Eye on the Market (Capital Allocators, EP.49)
Apr 23, 2018
Assertion Not checkable as stated
Exposing false data reversed a J.P. Morgan management decision within a month
“Within a month, the decision was reversed, and some people were gone.”
Michael Cembalest Apr 23, 2018 ▶ 1:04:37 Michael Cembalest – Eye on the Market (Capital Allocators, EP.49)
Apr 23, 2018 bearish
Disclosure
Cembalest liquidated $5 billion from J.P. Morgan's emerging markets portfolio in 1998
“And in the summer, in May, June, July of 1998, I sold five out of that six billion.”
Michael Cembalest Apr 23, 2018 ▶ 14:13 Michael Cembalest – Eye on the Market (Capital Allocators, EP.49)
Apr 23, 2018 negative
Disclosure
J.P. Morgan rejected Madoff in 2008 over front men and impossible returns
“So we met with some front guy, and we had this 19 page questionnaire that we go through as part of our due diligence process, and the very first one is, when can we meet the principal that's making the investment decisions? And they told us, That we wouldn't b…”
Michael Cembalest Apr 23, 2018 ▶ 31:45 Michael Cembalest – Eye on the Market (Capital Allocators, EP.49)
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