EP 329. 20 Lessons About Banking from Maxfield on Banks
Focused Compounding
00:00
The Archetype of Extraordinary Bankers
Gico has compounded at at least 15 % a year for 70 years. It's basically made all its money from doing the same thing and earning high returns on equity, you know. Never any period in which it grows like one of the hottest growth stocks,. But there've been a few crazy things over the yearstat’s like the institutional imperative thing.
Play episode from 09:51
Transcript
