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“I don’t trust banks and neither should you”
By Erik Kobayashi-Solomon
[intelligent option investor]
More On Banks
I don’t trust banks and neither should you if you care at all about understanding the company in which you are investing. While financial statements for all companies contain estimates, virtually every line item on a bank’s financial statement are estimates – to the extent that, taken as a whole, the statements become little more than complex, arcane works of fiction.
Conclusion
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Filed under: Investing | Tagged: Erik Kobayashi-Solomon, FOMC, intelligent option investor, retail banks, Trouble with Banks | 5 Comments »
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