No. of Recommendations: 1
per request below from macro board.
First Republic Bank was 'too good to fail' with highest customer NPS for years. enraptured partners.
99% of shareholders got killed. only jpm benefits years later from getting many HNW clients very cheaply.
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i'm kinda interested in anecdotes/memories about times when this happened to you:
- You realised something particular was wrong with a company, main product, sector, CEO, economy, country or whatever
- In hindsight, you totally nailed it with your forecast - 100% right
- But in the moment, you didn't act, you figured it would maybe work out OK, you decided that maybe you were over-reacting, the hassle of doing a trade outweighed your concern
The key thing I'm looking for is that you understood the problem, but inaction won out over action.
Any interesting anecdotes?
