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UBS was missing the boat on the world's most profitable and popular financial instruments. The bank wanted to know what its competitors were doing better than i
by listenallyall 6y ago
UBS was missing the boat on the world's most profitable and popular financial instruments. The bank wanted to know what its competitors were doing better than it did, why it's stock price was lagging, and why it was losing business. McKinsey told them exactly what the problem was. It isn't up to McK to manage the bank's risk, nor to call UBS back 5 years later and say it might be time to quit with the MBS.
- mavhc 6y ago"Copy what everyone else is doing" is... interesting business advice
- tamcap 6y agoMakes you think of index funds / ETFs. For most small investors following what everyone is doing is the correct advice. It might be similar for most businesses - you will never become a superstar, but you will likely be somewhere close to matching your competition in outcomes.
- mavhc 6y agoBut if you need to pay someone to tell you that, then you're in trouble