Remove 2018 Remove Banking Remove Price to Book
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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

I also used the banking framework to argue that good banks have stickier deposits, with a higher precent of these deposits being non-interest bearing, that they invest in loans and investment securities on which they earn interest rates that cover and exceed the default risk in these investments. All Equity, All the time!

Banking 64
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Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

Consider, for instance, an investor who picks stocks based upon price to book ratios, who finds a stock trading at a price to book ratio of 1.5. The first is that I do not have a macro focus, and my interests in macro variables occur only in the context of corporate finance or valuation issues.