Writing Coach Likes Dimon's Annual Letter More Than Kashkari Did
(Bloomberg) -- A lot of people -- Neel Kashkari, for one -- have been poring over Jamie Dimon's annual letter to JPMorgan Chase shareholders to look at what he said. Few have looked at how he said it.
Writing of the week
Luckily, Writopia Lab, the nonprofit that teaches creative writing, had a benefit this week, connecting me to instructor Alex Henderson, who volunteered to "workshop" the letter, just as he would in one of his classes. (No special treatment for the CEO!)
First, Henderson praised Dimon's effort to translate jargon. He found a good example on page 42, where Dimon says multiple jeopardy is like getting pulled over for a traffic violation and "having the UN weigh in since the car was made overseas."
To read highlights from Dimon's letter, click here.
Henderson said the letter is also effective because Dimon lets his own voice shine through, mentioning that he grew up in Jackson Heights, Queens, and sharing his upset about American education not preparing enough people to achieve the American Dream. "It humanizes you as a writer, and lends authority to your argument," Henderson said.
Borrowing from Charles Dickens is always a good thing (see page 12, "best and worst of times"). "By invoking the great social commentator himself, you cue the reader up to parse this letter on the grandest possible terms," Henderson said. "Like Dickens, we know that the most sweeping global and historical statements only gain their true ethos when the highest of society are placed in context with the lowest."
(Dickensian references didn't sway Kashkari, the Minneapolis Fed president. Yesterday, he said Dimon's assertions that government capital rules are holding back lending and economic growth “are demonstrably false.”)
A sample of creative writing from a Writopia Lab class on display at its benefit
Given Dimon's interest in helping his workforce and Americans get the skills they need to succeed, he'd probably like Writopia Lab. Its mission is to help kids across the socioeconomic spectrum learn to communicate, think critically, and find their voice by participating in creative-writing workshops. Students work on plays, memoirs, fiction -- really, any kind of writing they wish, said the nonprofit's founder and executive director, Rebecca Wallace-Segall. Even an annual letter is acceptable!
Katie, Andy, Kim and Alan Hartman
Alan Hartman of Centerview Partners and Ben Braun of LionTree Advisors got to know the organization by enrolling their kids in classes. Both were major supporters of this year's benefit, held at City Winery, where Hartman and his wife Kim were honored, and student writing was showcased on cards placed next to votive candles. There were oysters and lobster fritters to start, donated by Joseph Yoon of Yummy Eats, and Candice Braun, Ben's wife, made vegan chocolate peanut butter cups for dessert.
Renee Elise Goldsberry performed songs from "Hamilton" and gave an appreciation of Lin-Manuel Miranda. "He had a lot of things to say, and thank God he wrote them down."
Baljeet Sandhu
The power of voices was also celebrated Thursday night. At the DVF Awards, held at the United Nations, Diane von Furstenberg said her mission was to use her voice to draw attention to accomplished women who are lesser known -- like human-rights lawyer Baljeet Sandhu, who is helping child refugees in the U.K. who are vulnerable to being recruited for trafficking. Karlie Kloss was also honored, with her boyfriend Josh Kushner attending, along with Seth Meyers and Alexi Ashe, Barry Diller and artist Dustin Yellin.
Diane von Furstenberg and Karlie Kloss
Interviewed before she settled in for the awards ceremony, von Furstenberg gave advice on how to develop a voice with stature: "Work for it!"
Jessica Corn and Kenneth Chen
Meanwhile at the Grand Hyatt, Kenneth Chen of Antares Capital said co-chairing the Young Professionals Board of Friends of the Children has helped him develop a voice for good. "I spend my days working on financial opportunities," Chen said, "and I wanted an outlet for my innate desire to help others." The nonprofit provides salaried, professional mentors to at-risk kids, from kindergarten to high school graduation.
To contact the reporter on this story: Amanda Gordon in New York at agordon01@bloomberg.net.
To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net, Keith Campbell, Cindy Roberts
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.