Grow or Die. Really?
Jeff For Banks
JUNE 5, 2012
'Grow or die. Acquire or be acquired. Build it or kill it. And so go the banking platitudes. Now, perhaps those that invoke these phrases have strategies that compel them to grow. Shareholder value, so the logic goes, is created if I grow my balance sheet 10% per year and my earnings, because I''m realizing economies of scale, grow faster. But what if you adopt the strategy of the tortoise?
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