The Charles Schwab Corporation (SCHW) Stock Suffered Due to Banking Troubles

Generation Investment Management, an investment management firm, released its “Global Equity Strategy” first quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy performed roughly in line with the benchmark on a rolling five-year net basis and it is about 1.3% below on a rolling three-year net basis. The main reasons for the underperformance of the strategy were overestimation of the quality of the holdings, change in the external environment, and...