Dr. Parik Patel, BA, CFA, ACCA Esq.
@ParikPatelCFA
Aswath Damodaran 🙏🏾 Dhandho Investor Chapter 3:4 🐂 | God first, full employment second 😤 | Investor @SamosaCapital | Subscribe to my newsletter 👇🏾
가입 August 2020
1K 팔로잉 중 2M 팬
Italy’s credit market is backed by cheese and you’re surprised Europe is poor?
The biggest cheese banks in Italy store 300,000+ wheels of Parmesan.
Dairy farmers use cheese as collateral and get loans up to 80% of market value. At ~$1,000 per wheel, that’s $200m+ in loans (banks seize and sell cheese if farmer can’t pay back).
Best part: banks use automated machines that brush and turn the cheese wheels everyday to keep them fresh.
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