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 […]
As a followup to my previous article where we discovered that at least in 2024 the naive strategy of buying banks based solely on price to book ratio did not perform as advertised. However, the Value Line from which I drew my sample also treats Midwestern banks as a separate category of bank, for reasons […]
A wise financier whose name escapes me once wrote that the trouble with banks is that they have assets that are impossible to value, and the trouble with insurance companies is that they have assets and liabilities that are impossible to value. Given the current situation with insurance companies and natural disasters, this is a […]