#339 - Simon Wagner - Founder @ Granite Oak - Compounding $1M to $250M in 10 years
The Fort
Institutional Failure in Career Incentives
The European market structure faces an institutional failure where individuals at institutions like Deutsche Bank in Frankfurt are discouraged from innovating or pushing new ideas due to limited career advancement opportunities. This leads to a lack of incentives for taking risks and innovation. Additionally, financing in Ireland is more challenging and expensive compared to other parts of Europe.
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