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You must be willing to look for winners in inefficient markets.
In 1886, Richard Sears started selling watches. This was the start of a retail empire that would span more than 100 years.
A series of strategic partnerships with networks, financial institutions, technology companies, and mobile carriers, were transformational, the CEO said. Still, the low end of PayPal's full-year revenue forecast trailed estimates.
Discover's new student loans grew 9% to $1.4 billion in the fourth quarter, while personal loan originations increased 31% to $4 billion. Both were records.