"There's this tendency among bank investors to get stuck up on this idea of metrics and all that kind of stuff. But it just doesn't mean anything. If you really know what you're doing, it doesn't mean anything. So what do you have to do? You have to assess the people that are running these organizations. That's the only way you can get a sense for whether those metrics are even worth taking a look at."

This week, we interviewed John Maxfield on all things banks. I enjoyed the whole interview but this particular part of the discussion really stuck with me. Management's integrity and their approach to risk management is truly the only thing standing between a durable financial institution and a failed one.

If you're truly interested in investing in banks, I highly recommend listening to our interview with John: https://open.spotify.com/episode/3OcWOEKBTl7IkZRr7kZoEz?si=BplSRx6bR4yQoGmgIOPkZA