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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (58060)	9/23/2016 8:01:15 PM
From: Spekulatius	Respond to of 78733

Re commercial RE - yes, I have been sceptical, but I have substantial RE exposure in my portfolio through LAACZ and several microcaps. With those stocks, the discount to asset value was large enough that it would be OK, even if RE goes down somewhat. I could be wrong on banks. I did three refinances in CA without ever setting a foot in a bank building, but for my mortgage here in the east coast, I had to go to my CU a couple of times. I attribute this to the fact that the East coast is 10 years behind the west coast and in some ways a different country that just happens to have the same currency and language (sort of). The bank closures were in CA as well, and I have not seem bank closures here as well, even though there are tons too bank branches. So, I Guess it depends on the area somewhat. I have been thinking a bit about future trends lately - banking and how it might evolve, or how electric cars will change the industries in the future (less gas stations, refineries, no lubricants needed, no catalysators, engines will change etc). This will probably take 20 years to evolve into a trend that i an be felt throughout, up maybe it occurs quicker than we think.