Long Live the Financial Supermarket
This is an interesting piece in the WSJ that details why Citi find itself in the position is it today. More importantly to me was this statement at the beginning of the article:
"Somewhere in his memoirs, Henry Kissinger confides his judgment that small, vulnerable nations breed the best statesmen (he cites Singapore's Lee Kuan Yew and Austria's Bruno Kreisky), whereas big, powerful countries can get by with mediocrities."
That statement hit me like a ton of bricks.