Investing in Europe

If you're a washin deposits and interest rates are zero or negative, you ain't going to make any money. So if you have a look at a lot of european banks, they are literally trading at the same price as they were in 19 70. The last thing you want to be is a bank in one of those countries. And i think that's generally true. But then im goin to divide the world another way: Those that have excess loan demand and those that have excess deposit supply. I'm not interested in owning banks in a country with 25 banks, but i'm actually quite interested in owning Banks in aCountry with four banks or three banks, or two

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.