EP 329. 20 Lessons About Banking from Maxfield on Banks
Focused Compounding
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The Cruck of Banking Is Watching What Others Are Doing
The cruck of banking is watching whalte others are doing, and then not doing it yourself. Cottajust hit on that a little bit. So in yield, you saw a lot of that, which basically caused the financial crisis. What you're talking about is more like thinking everyone's trying to exploit the same kind of marketing efficiency.
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