Why write a shareholder letter? Ask Dimon or Buffett

JAMIE Dimon has a lot to say.

The JPMorgan Chase chief executive officer’s annual letter to shareholders, which was released on Monday (Apr 8), clocked in at just under 28,000 words. That count does not include the 58 footnotes or the reprint of a 1992 Wall Street Journal op-ed from one-time presidential nominee George McGovern that Dimon thinks you should read in full for its nuanced perspective on regulation. (As a point of reference, this column is about 700 words and most of you won’t make it to the end.)

In his letter, you can find Dimon’s thoughts on everything from diversity, equity and inclusion to the mini banking crisis of 2023. The last third is essentially a political manifesto, with analysis and policy suggestions for most of the world’s ills, along with polemics on the power of American freedom.