If you have seen as many cycles in the bank industry as Eugene Ludwig, founder and CEO of Promontory Financial Group and a former comptroller of the currency, you know the time to be most vigilant is not when things seem bleak, but instead when things seems brilliant.
“The one thing I’m certain of is that the good times may go on for a year, two years, five years, seven years, but they will not go on forever,” says Ludwig. “Those folks that continue to be disciplined…will make it through good times and have advantages in bad times. Those that are imprudent will be gone.”
