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Banking is one of those quasi-government industries really. No matter whether it's privately owned or run by government it's never going to be too far removed from government intervention.Others in that category include all forms of commercially supplied energy, water, hospitals, mainstream media and any dominant transport operator (toll roads, rail either the track or the trains, aviation especially Qantas).I don't outright avoid such companies but I'm always aware that to some extent they're effectively privately owned listed arms of government at risk of politics. I'm not saying it's wrong or right just that it is.
Banking is one of those quasi-government industries really. No matter whether it's privately owned or run by government it's never going to be too far removed from government intervention.
Others in that category include all forms of commercially supplied energy, water, hospitals, mainstream media and any dominant transport operator (toll roads, rail either the track or the trains, aviation especially Qantas).
I don't outright avoid such companies but I'm always aware that to some extent they're effectively privately owned listed arms of government at risk of politics. I'm not saying it's wrong or right just that it is.
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