3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

RWH013: Move Slow, Win Big W/ Thomas Russo

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Wells Fargo, Morgan Stanley, and the Baking Crisis - What's the Difference?

Wells Fargo went home that Friday night thinking that they were going to be acquired by Morgan Stanley. They ended up, instead, buying Nor West Bank Corp. Two cultures never really melded. I think that left an awful lot of pockets unsupervised. And rather than go back and unravel the trouble, my decision reflected my belief that the trouble was going to endure for a very long time.

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