Wells Fargo and the Incredible Predictability of Deposit GrowthGuest Post
“In the end, banking is a very good business unless you do dumb things.” – Warren Buffett
Buffett has been investing in bank stocks since the 1950's, and I think one of the things he probably likes most about banking is the predictability of deposit growth. As he says, if you don't do dumb things—if you stick to taking in deposits and lending them out, you'll mint . . .
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