Accidental Banks Are Worth More Than Intentional Ones

Plus! Tapping SPAC Brakes; Trust-Busting and Variance; Limits to Asset Class Stickiness; The Bullwhip Effect Arrives

In this issue:

  • Accidental Banks Are Worth More Than Intentional Ones

  • Tapping SPAC Brakes

  • Trust-Busting and Variance

  • Limits to Asset Class Stickiness

  • The Bullwhip Effect Arrives

Accidental Banks Are Worth More Than Intentional Ones

Has there ever been a wider valuation gap between businesses that can be described as "like a bank" and businesses that can be desc…

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