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

Allegrei A. Fernando

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. 
J.P. Morgan CEO

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Locations : New YorkNew York City

08/01/2013 7:46AM
A reply from CEO of J.P. Morgan to a pretty girl seeking a rich husband
Please Enter Your Comments Below
08/01/2013 12:46PM
Harsh yet True
This story that I heard on the radio this morning stuck out to me. I found it so interesting that I had to read it again today. What the CEO says is harsh but seems very true. Unfortunately Ms. Pretty probably got a rude awakening. I am a pretty girl myself, but I also earn a living to support my wants. I find this to be more self fulfilling than expecting my husband to make lots of money. Together we both make a good living and it's nice to know that both of us contribute to marriage. My advice to Ms. Pretty is that if you want something you should work for it, not look for someone else to work for what you want.
08/22/2013 9:24AM
There's no way the CEO of JP Morgan is cruising web forums.
11/27/2013 11:59AM
Maybe Maybe Not
He could be. You never know.
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