The chapter explores the concept of stock buybacks and their impact on shareholders, emphasizing the importance of reasonable prices. Analyzing JP Morgan as a case study, it discusses the relevance of tangible book value in evaluating bank stocks. Jamie Diamond's cautious stance in the face of market optimism is highlighted, citing threats like de-globalization, geopolitics, and cybersecurity.
A lot, actually.
(00:21) Bill Mann and Ricky Mulvey discuss JPMorgan’s investor day and CEO Jamie Dimon’s thoughts on stock buybacks and inflation. They also talk about the shift toward fast-casual dining and Red Lobster’s bankruptcy.
Then, (17:05) Alison Southwick and Robert Brokamp answer listener questions about 403(b) accounts and saving for college.
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Companies discussed: JPM, CAVA, SG, TXRH
Host: Ricky Mulvey
Guests: Bill Mann, Alison Southwick, Robert Brokamp
Producer: Mary Long
Engineer: Dan Boyd
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