Jamie Dimon emulates Warren Buffett in his 38 page letter to JPM shareholders-- as argument for why JP Morgan Chase is exceptionally good value for long term investors, still bruised from the collapse of bank shares in the 2008 meltdown. Buffett talks about how BRK intrinsic value is far greater than book value; Dimon goes on about how he is going to increase tangible book value by 15-20% a year. I was able to discern about 8 solid reasons to buy JPM in the last section of the letter suggestively called "Why Would You Want To Own The Stock?" 1. You would want to own the stock because "Many of our assets would sell at a substantial premium to what currently is on our books; e.g., credit card loans, consumer branches and others," Dimon writes. " And certainly, most of our busineses, if we sold them whole, would sell at a substantial premium to tangible book value." 2. You would want to own JPM because "We have huge capital formation," says Dimon proudly.