Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Discover Financial (DFS) is Expanding Globally

Uncategorized

Is Discover Financial (DFS) Making Money and Taking Risks?

Discover is taking two huge risks with its America-centric business model. First, most of the economic growth in the foreseeable future will take place outside the USA. Second, I think Discover’s business creates heavy exposure to instability in the American economy.

Read More