In JP Morgan’s recent quarterly commentary, I came across an interesting acronym.
If you read the title of this post, then no doubt you guessed it already.
ABC (duh!).
Here is the statement verbatim.
“We’ve always believed that ABC – Arrogance, Bureaucracy and Complacency leads to stasis and death.”
You don’t usually expect to find such lines in boring corporate commentary, but sometimes such gems do exist in the most unlikeliest of places!