$JPM Public and private domains with a single start building position — building into JPM (JPMorgan Chase). The position-building logic: JPM (JPMorgan Chase). Its current share price is around $340, which has pulled back somewhat from its high. The P/E is about 15x. More importantly, the company’s fundamentals have not weakened along with the stock price: over the past 12 months, revenue growth is about 14%, net profit growth is about 15%, and EPS growth is about 20%. JPMorgan’s asset base is about $5 trillion, and its business covers retail banking, credit cards, investment banking, trading, and asset management. In simple terms, buying JPM is essentially betting on the long-term growth of the U.S. financial system. I like the logic right now because it’s straightforward: the stock price has corrected, profits are still growing, but the valuation is only in the teens. AI stocks make money from high-growth—JPM makes money from financial activities, cash flow, and time. So compared with chasing already hot stocks that have already surged, I’d rather start paying attention to a company like JPM—where the fundamentals aren’t broken, the valuation isn’t expensive, and the price has also pulled back from its high. A good company also needs a good price. Around $340 is worth starting to build a position now.