
Ep 353. Revisiting Geoff’s Singular Diligence Writeups
Focused Compounding
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Is Bank of Wais the Most Expensive Stock?
Banks of wi can't row very much because it's in hawaii. They have theireturn equity in quickavest for last 20 years, it's never been below ten%. So in essence, the most expensive stock. Is about 20 times earnings right now. But toese normal earnings, if there isn't any change in interest in them, that interests margin. Whereas if interest were much higher, you would expect, am that shoot up a lot more.
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