
EP 319. How We Analyze Insurance Companies
Focused Compounding
00:00
Is There a Difference Between Dividen Per Cher and Other Companies?
One point five times, uh, buck priced book for this company probably made a lot of sense when you had a 35 percent tax rate and when stocks were as expensive as they were ten years ago. Stucks are bit more expensive now, generally, in terms of their multiples,. You know, discount rates are are lower and everything. So maybe a bigger premium is justified on insurance compan be the same way that yu p e is higher on a n a um an any other kind of company.
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