Originally Posted by
Scrunch
Running existing operations well and doing M&A well are different skillsets. I'm with tomtom that you can concurrently hold shares, have confidence in them running existing operations and have doubts about M&A abilities. Part of the issue is the increased likelihood that any M&A acquisitions for somone the size of ANZ is more likely to be offshore or in sectors only aligned to banking. This makes mistakes easier to make as there are differences between the target and the business you know well.