Banking Banking Banking (Issue #69)
The next Banking Symposium by John Maxfield is this September and...
Recent Updates:
The next Banking Symposium by
is this September. For those who don’t know this event is a 2 day conference that is just high-quality banking talk, no selling and no BS. I attended the first one in March of this year. It was better than I could have imagined.Unlike other types of businesses and investing banking is not just difficult, but it is also complex. It can often be counter-intuitive as well. In the case of liquidity (highly valued characteristic in investing) it takes a back seat to confidence according to banking expert John Maxfield. The quantitative side of banking is key, but so is the qualitative side. Banking is as much of an art as a science. For example, as a CEO of a large bank once told me “number of cars in a parking lot isn’t a metric to measure sales.” This plainly shows how only looking at the numbers without also verifying them with real world concepts is worthless.
The opposite is also a major concern in banking. A bank may seem to be working well and even making good loans, but there might be an asset-liability miss match or other problem that can sink the bank.
When operated properly banks are long standing institutions that can positively contribute to communities. Operated poorly they can create national or even global financial ruin that can take decades (if ever) to recover from.
Maxfield uses his platforms to promote an honest, pure, and value (Pillar) based view of banking. At his symposiums you meet many like-minded bankers or banking enthusiasts. I highly recommend checking it out if this sounds interesting. You can find information on it here.
My takeaways from the last event that can be found here:
Poll:
Watchlist Updates:
Portfolio Updates:
For access to the full spreadsheets and their linked deep dives go here.
Until Thursday,
Soren
Nice article, thanks