Every spring, JPMorgan Chase (JPM) CEO Jamie Dimon pens a letter to shareholders to reflect on the bank’s business in the past year and share his thoughts on the most pressing economic issues concerning business leaders. In this year’s shareholder letter, published yesterday (April 8), Dimon dedicated a section to the best management lessons gleaned from his nearly two decades of experience at the helm of the world’s largest bank. Here are the top takeaways:

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Taking inspiration from military strategy, Dimon introduced the “OODA loop,” short for “Observe, Orient, Decide, Act—repeat,” as a decision-making approach. In light of the economic challenges faced by the U.S. and........

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