Day: July 22, 2021

Why larger isn’t at all times higher in banking

Inside Cash: Brown Brothers Harriman and the American Means of Energy

by Zachary Karabell, Penguin Press, 2021

Companies typically discover it tough to maintain their positions over a protracted time frame. A big proportion of eating places fail inside just a few years of opening. The typical firm within the S&P 500 lasts for about 17 years in that index, in keeping with Innosight. And as huge thinker Geoffrey West notes, it’s potential that firms, like animals, might have one thing of a pure life span.

After all, there are outliers. One in all them is Brown Brothers Harriman, a service provider/funding financial institution that traces its origins again some 200 years, and that’s the topic of an interesting new ebook, Inside Cash. Historian Zachary Karabell (disclosure: we had been graduate faculty classmates within the final millennium) gives not simply an intriguing household and private historical past, however a