Large banks are hideously complicated businesses and you obviously have no idea what goes on under the hood.
few things
- banks 'borrow short, lend long' google that, its not so simple as rates going up = good
- C has crushed earnings for over 10 years, something like $140 billion in bottom line earnings (more than its current market cap ffs), but if you looked at the stock chart of that period it looks awful. why is that?
- Why does C trade at ~1/2 its book value? Thats the key valuation metric for banks, not PE or fkn dividends. JPM is ~1.7, BAC and WFC ~1. The market says the banks assets(loans) are trash, why?
Quote:
You would have been up more with way less risk just holding spx
Also this x1000, especially when you don't even do the most basic homework
The good news is you can perform better and do no homework, by owning SPY and going about your day
Last edited by Pinkmann; 02-01-2024 at 08:25 AM.