
Ep 349. Q&A: Illiquid Stocks, Deep Value, Underrated Industries, BNPL, & Moats in Big Tech
Focused Compounding
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Is Growth Desirable in Financial Companies?
Growth is desirable in a financial company, that's where it gets a little worrying. It depends as long as there's no deterioration in the quality of wat theyr doing. If you're taking market share, then you're geting more and more marginal business overtime. The best environment for interest rates, the best environment for bonds? Well, i ecause you're being paid back in dollars every time. And those dollars are guaranteed to be valuable every time. So if you have so much productive capacity not built yet, we don't know how countries will react to things like Sohn oething on China. Maybe more likely than us, rather than the china population growing,
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