Episode notes
On today’s show, we talk to Sean Stockton about the intrinsic value of First Republic Bank (FRC)
IN THIS EPISODE YOU’LL LEARN:
- What is the intrinsic value of First Republic Bank
- Why First Republic Bank can be seen as a retail business with a superior franchise
- How to value banks, and the importance of price to tangible book value
- Which key ratios to use to evaluate performance and debt levels of banks
- Ask The Investors: How to pick stocks when you have a full-time job
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Sean Stannard-Stockton’s company, Emsemble Capital
- Ensemble Capital’s educational blog
- Check out Millennial Investing by The Investor’s Podcast Network
- Sign up to the TIP live event in Los Angeles with Stig and David by emailing: stig@theinvestorspodcast.com
- Join the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting
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