CHAPTER 3IN AND OUT OF J.P. MORGAN

Before leaving the Air Force, I considered a military career, but decided against it in favor of business. When I was winding up my military stint, someone asked me what I wanted to do, and I explained that I planned to return to J.P. Morgan. The interviewer asked where I thought I would end up, and I modestly replied, “Probably as chairman of the board.”

This burst of confidence came from a habit of running the best-case scenario, rather than the worst-case scenario, in my mind. You may know you will probably never get there, but I always figured, why settle for less? The Air Force then wrote a memo to my file that said, “Mr. Reynolds must have some very special connections, because he’s going to be the chairman ...

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