Forbes Cover on Wells Fargo

Tarpon Folio holding Wells Fargo will be on the cover of the upcoming Forbes magazine. Here’s the online version. And here’s a good quote from CEO John Stumpf:

“There are only three ways a company can grow. First, earn more business from your current customers. Second, attract customers from your competitors. Or third, buy another company. If you can’t do the first, what makes you think you can earn more business from your competitors’ customers or from customers you buy through acquisition?”

Read the whole article here.

Cale Smith

About Cale Smith

Portfolio Manager at Islamorada Investment Management.
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2 Responses to Forbes Cover on Wells Fargo

  1. Kirk Kinder says:

    As a banker there is a fourth and fifth way to make money – a government bailout or loan toxic assets to the Fed then redeposit funds with the Fed to earn 0.25% (or buy gov bonds). 🙂

  2. Cale Smith says:

    I read Confidence Men over the holidays.  Yeah, those fourth and fifth ways are infuriating…