
Ep 382. Franchise Value, The Secret to Geoff Gannon’s Investing, and Analyzing Airline Stocks
Focused Compounding
00:00
The Leverage Is Not Low, Right?
The overall leverage that we're seeing here is not low, right? So a lot of times when you have this kind of high cost funding and relatively wide net interest margins compared to some other banks, believe it or not, I mean, there was this 3.8% over the last 10 years that's actually better than some banks we've seen. You might actually have a little bit lower leverage on the balance sheet in terms of total assets over equity. But then just margin isn't as big and everything. And I don't know, but it's a little bit higher than I expected. It would get messy for Berkshire to bail out banks at this point now,. Our financial companies at
Transcript
Play full episode