
Ep 358. Elasticity of Demand, Snap Judgments, Capital Allocation, and Judging Growth Capex
Focused Compounding
00:00
Bank of America
I think financials are pretty cheap. War buffet or imean. Presumably somebody at berkshire is a buying city group. And the amount i citlot more, i wont be surprised forir price earnings, five point six times price e book point five times return on equity tenure metium returns of six point eight %. A hundred two billion dollar company. Yes. So here we have it. We don't have the tangible bookin here. We have it like half of book value, or something like that. According to cepas, think j p morgan's long term target is it wants to earn 17 % returned on tangible equity. It does for the first one
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