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	Podcast:		Industry Focus
	Episode:		Financials: 3 Financial Sectors Vertically Integrating
	Category:		Business
	Duration:		00:18:08
	Publish Date:		2018-04-09 14:30:00
	Description:		We’re often told to focus on one thing and do it well – but in today’s episode, we cover three sectors (banks, REITs, and insurers) where businesses may be going in the opposite direction, preferring to try and own more of the value chain. Understanding the tradeoffs between specialization and diversification is key to investing smart in these sectors.
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