Jim McElvey was instrumental in expanding the branches of what was then Bank of Italy into San Joaquin Valley. And he was kind of a mentor to Jim, which I love. He made me start thinking about this question of whether banks are simply not suited to be publicly traded entities.
What happens when banks have growth as their priority? With the current instability, what can the public vs private sector debate tell us about our financial institutions?
When leadership is beholden more to shareholders than to their patrons, it can lead to wildly different outcomes regarding the security of their customers’ assets.
This week, Phil and Danielle continue to analyze the recent bank failures and discuss some of their problems with the structure of current financial systems.
For insight into how you can better research your next investment, get your copy of The Value Investing Cheat Sheet: https://bit.ly/3Z8PXdw
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