Competitive Advantage: Financial Institutions Blocking the Competition
The big name banks like J.P. Morgan Chase, and Goldman Sachs have a reputation that precedes them. They have risen above the competition and proven their stability, and therefore helped to create the entry barriers that have helped them maintain their lucrative status. So what is an entry barrier, and why is it a good thing for these large institutions?
On this video segment we'll dive into the lengthy list of requirements for founding a financial institution, and why it might just be easier to invest in their stock.
This podcast was recorded on 10/26/2015
