Is That White Shoe White Belt?

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Investment banks used to be very, this is where the term white collar came from. They were like fancy people who owned a fancy company and put their money on the line when they made investments. As soon as Lehman Brothers went public, Goldman went public, that was no longer true for the partners of those banks. And suddenly the results of it were not as much on their shoulders anymore.

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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