Yet Charlie Munger owns 1,591,800 shares of Wells Fargo, 2,300,000 shares of Bank of America and 140,000 of US Bancorp for a grand total of about 85% of his total portfolio. These guys LOVE banks don't let them fool you.
Well, it's good for the borrowers who got an attractive rate on their loans. Can't believe the banks didn't stress test their portfolio to different interest rate scenarios.
Why'd they kick out Peter Flaherty after he stated that Bill Gates was constantly going to Epstein Island and his love for children?
Yet Charlie Munger owns 1,591,800 shares of Wells Fargo, 2,300,000 shares of Bank of America and 140,000 of US Bancorp for a grand total of about 85% of his total portfolio. These guys LOVE banks don't let them fool you.
they selling for a while now.
@@GaminHasard Charlie is dead now so yeah, I guess he no longer owns banks.
This aged like milk
@@k.c.wingert7179attempts to slip the logic fails miserably
@@dr.z3426 slip logic? Do they own the shares or not?
Thanks for this explanation 😔🙏
Well, it's good for the borrowers who got an attractive rate on their loans. Can't believe the banks didn't stress test their portfolio to different interest rate scenarios.
They would have stress-tested their portfolio, but no one would have assumed interest rates increasing this fast.
Doing that would cut into profits
@@bideojames4222Exactly, no bail outs this time though if it all goes wrong, which is looking increasingly likely.
Banks are at all time highs right now
They should go back to the 50's. Where you got a free gun for opening a bank account. That would keep them honest.
It's sad watching this video when Munger is no longer with us.
I don’t understand where the spaceships go either…
Great banker story at the end.
To the cleaners? 🤣🤣🤣
Too the new future of industry ⚡
6:30 😂😂😂
This is sure to take banks come Monday
Yep goodbye PacWest
@@allenmobley8444 you short?
Who is he talking about for his hire
isn’t he like 1,000 years old.
i banking toxic environment true
Munger liked debit
His local bank won’t face a bank run unless he leaves lol. That ought to be a significant percentage of deposits
Two people who have defied the retirement age
Saranam Ayyappan my personal god❤❤🎉🎉
"Available for sale" "held to maturity" guys started doing advertisement?
they block the see's candy product.
4.34 - 5 LoL ตายล่ะ ปู่ก็ไม่รู้ ซวยล่ะ
*Gōlden Nügget Bancshares LV NEVADA*