Buffett and Dimon want businesses and their CEO’s to be able to focus on the longer term. Businesses should therefore stop focusing on hitting quarterly EPS forecasts as this might lure them to make bad long-term decisions just to hit the short-term numbers:

CNBC: Warren Buffett and Jamie Dimon join forces to convince CEOs to end quarterly profit forecasts

YouTube: CNBC’s Full Interview With Warren Buffett And Jamie Dimon | CNBC