
Ep 353. Revisiting Geoff’s Singular Diligence Writeups
Focused Compounding
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Do They Still Calculate Im Lono Posits?
The company is earning 18 % return equity when the rates are getting cut and they're nothing. Shorter term rates really didn't change much from, ike, two thousand nine for o, what, let's say, eight, nine years,. was basicly the same. And you can see it's really no change a during that whole period. The absolute level of interestrates probably matters more, and the steepness of the curve matters for them.
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