That was a great read, thanks for posting. A good reminder why most banks are uninvestable, because of opacity and balance sheet leverage (shareholder's equity / total assets). If stupid / greedy insiders make the wrong moves, banks can collapse overnight.
That was a great read, thanks for posting. A good reminder why most banks are uninvestable, because of opacity and balance sheet leverage (shareholder's equity / total assets). If stupid / greedy insiders make the wrong moves, banks can collapse overnight.
Thanks for your comment! I like investing in banks, but I agree that it's difficult to assess the risks.
Excellent write up. Thank you.
Lessons are rarely learnt. To cite the Northern Rock fiasco, the collapse of the the Woodford Equity Fund, although different to
and not fraudulent have the same hubris and arrogance.