The White Shoe Thing

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"Big is not always better," says CNN's John Sutter. "I don't see that the incentives are driving good choices in banking." The white shoe thing? Oh, did you look it up? Yeah, I got it. It turns out that around 1910, these really light colored buck oxfords became popular at Princeton University and other Ivy leagues.

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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