I had an idea to examine investment returns of banks and insurance companies by book value. Data from 2025 suggests this idea is valid, particularly in avoiding high price/book ratios.
Insnurance companies According to some guy from Columbia… In my final article on this series of whether companies in certain sectors can be bought based on price to book ratio, I examine insurance companies. Recall that my original thesis is that, according to some well known financier whose name I forget, banks have assets that […]
I am often struck by the fact that, when it comes to companies, size is no guarantee of quality. By which I mean that generally speaking I have no bias in favor of large or small cap companies, and frequently I see a symbiosis of small companies serving the large ones like the pilot fish […]