Top Ten Public Companies

Thanks to Forbes for this one – the ten biggest public conpanies:

ICBC China

China Construction Bank

Berkshire Hathaway

JPMorgan Chase

Wells Fargo

Agricultural Bank of China

Bank of America

Bank of China

Apple

Toyota


Comments

9 comments

  1. I think it’s more like the ‘insecure and the inadequate’ The Baron, my understanding is that these institutions look for people who were bullied at school and will go to any lengths – like working without sleep for days – to obtain the trappings of success like an SUV and a flat near the river

  2. Ah Yes conpanies – a Freudian slip indeed, SEPAM, I think I’ll leave it in as such. We are well used to seeing these apparently huge financial companies like RBS turning out to be worth b. all. Ten years and $45bn of state aid later and RBS is still a basket case.

  3. Thanks a lot SEPAM, how very strange.

  4. SecretEuroPatentAgentMan

    Ah, just in time, the Economist delivers an article on the reality of Chinese investments.
    https://www.1843magazine.com/people/the-daily/my-journey-to-a-ugandan-ghost-town

  5. How very true DontAgree, and, as you say, so very sad. Shuffling paper around is valued more than producing something.

    • SecretEuroPatentAgentMan

      I believe “conpanies” must be a Freudian slip.

      4 of 10 are Chinese companies where transparency is lacking and rotten loans are piling up like Japan in the 90’s. These could implode any day now, especially as the days how gigantic infrastructure projects are coming to an end.

      Then there is Wells Fargo which is not entirely unfamiliar with the art of cooking the books.

      All in all I would like to see the next 10 on the list.

  6. How sad … almost all bean counters … it should be against the law … I guess we chose the wrong profession … better tell the kids …

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