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Chris Davis - A Multifaceted Perspective on Financial Services

Value Investing with Legends

CHAPTER

Is There Something Unique About the United States?

In almost every other country, the largest banks are functional organs of the state. In places like germany, you've got this funny system where you have these totally dis functional, massive bureaucracies. So i can't think of any banking system that looks a lot like the us. With maybe the exception of switzerland, where you do have some large banks, but you've also had a history of private banks that are very customer centric and so on.

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