2min chapter

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Stop Ironing Shirts (@StIroningShirts) - Financially Independent at 36

The Security Analysis Podcast

CHAPTER

How to Invest in Banks

I'm at 13% now invested in banks and bank preferred stock with all the chaos that's going on in the market. I've owned a good bit of Bank of America since 2019, but outside of that, I've not seen anything too terribly attractive in the bank sector until the past three and four months. Banks are one of these businesses that when things go really well, they make about 15% return on equity. But so many of these well run banks have been trading between 1.5 and 3.5 times book value. So your return profile changes to where you can't get that 15 anymore. You're looking at getting that 15 less the discount for overpaying. Maybe it

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