Banks Quote by John Gutfreund
“Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.”
About This Quote
Commercial banks excel at deposit taking and lending but lack the risk appetite and agility of true investors or entrepreneurs.
In simple terms: Banks are good at money storage and loans, not venture investing.
Match financial services to their strengths.
Themes
Mood
Type
When to use this quote
- business planning
- financial advisory
- capital allocation
Key Concepts
Questions to Reflect On
- How can banks improve entrepreneurial support?
- What are the risks of banks expanding into venture?
Banks may still innovate in investment services.