Importance of ROIC Part 5: A Glance at the Last 42 Years of Wells Fargo
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"Experience, however, indicates that the best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago... a business that constantly encounters major change also encounters many chances for major error. Furthermore, economic terrain that is forever shifting violently is ground on which it is difficult to build a fortress-like business franchise. Such a franchise is usually the key to sustained high returns."
Importance of ROIC Part 5: A Glance at the Last 42 Years of Wells Fargo
Importance of ROIC Part 5: A Glance at the…
Importance of ROIC Part 5: A Glance at the Last 42 Years of Wells Fargo
"Experience, however, indicates that the best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago... a business that constantly encounters major change also encounters many chances for major error. Furthermore, economic terrain that is forever shifting violently is ground on which it is difficult to build a fortress-like business franchise. Such a franchise is usually the key to sustained high returns."