AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Michael Cembalest Takes Us to School
The Compound and Friends
Schwab and Josh: A Tough Guy
Schwab had a large book of long duration assets that has technical mark-to-market losses on it. It's such a small part of the overall business enterprise value of the firm that I didn't write about it when I wrote about the problems with the other banks. Josh, you still think Schwab was a bad guy? No. What do you say now? Tough guy. Where is it? Look at the stock. Michael, I bought Schwab and Josh with busting my chops. All right. Feasterize. Thank you.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode