When a top American business leader starts rattling off reasons to fear today’s market, investors get uneasy. “There continues to be a heightened degree of uncertainty stemming from complex geopolitical conditions, tariffs and trade uncertainty, elevated asset prices and the risk of sticky inflation,” said JPMorgan Chase CEO Jamie Dimon in a recent interview.

But in the echo chamber of media-made doubt, Dimon’s actual message got lost. To prepare for the worst, he recommended beefing up reserves, fortifying capital, and stress-testing for varied shocks. He didn’t advise hiding under the nearest desk but rather putting in the work, preparing and carrying on.

That’s an important distinction. Too often, the difference between trading volatile stocks or owning great businesses comes in how i

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