Jim Engel · Value Investing with Legends · Corporate Athletes: Durable Competitive Advantages and Long-Term Investing
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
invested in local regional banks that were trading at 50-60% of hard book value and held them while interest rates fell, lifting the banks' bond portfolios
50-60% of hard book value; 33% annualized rate of return
“Theflagshipreport.com is we've got an income portfolio on there and some small capital value stuff. And preferred stocks. The banks, that's on my sub stack, the community bank investor.”
“When you start this firm, you would be applying for financing from a public bank the same way you would apply for financing today. You would have to have a business plan. You would have to receive a loan that would be at a interest rate that the bank feels comfortable with.”
“When interest rates went below passbook rates, we found out that we could really do well selling money market funds to bank trust departments because it was a cash management service.”
“The Reserve Bank of India has intervened heavily to support the rupee via dollar sales from its reserves, and the rupee which fell to near record lows earlier this month has bounced back by about 2 percent following the Reserve Bank's moves.”
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.