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Another excuse the Thiel mannequin merely is mindless for retail finance is that it’s structurally inconceivable to construct the sort of “moat” that may, on the very least, preserve a crappy enterprise like Uber limping alongside. An enormous ingredient of finance, definitely for retail depositors but in addition extra typically, is that you really want your deposits to be as liquid as potential. To draw deposits within the first place, prospects have to be satisfied it is going to be straightforward to withdraw … and probably deposit their cash elsewhere. This makes banking a basically very, very powerful enterprise to monopolize in even a touch free market.
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