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

To: Spekulatius who wrote (4618)	4/21/2018 9:46:25 AM
From: Paul Senior	Read Replies (1) \| Respond to of 4690

15% roe for a bank is indeed a very high threshold. Scanning the bank stocks I have, I don't see any that've achieved that over the last ten years (Morningstar numbers). And that includes Mr. Buffett's Wells Fargo. I believe return-on-assets could be the metric of use here -- over 1% is supposed to be good. ------------- The following clause for me was the stop-right-there---that's-all-I-need-to-know-point: "Here in Australia banks are the sector everyone has in their portfolio's" If so, then who's left to buy these stocks? In my view, it signals a peak if everybody now owns them. Just my opinion.

To: Spekulatius who wrote (4618)	4/21/2018 2:45:09 PM
From: E_K_S	Respond to of 4690

I have focused on Australian Natural Resources. Mainly NG but some of the companies I own have interest in iron ore and other minerals. Recently I have looked at one of the largest almond growers there. It's very difficult to buy as it is thinly traded but has a nice dividend. Been trying to buy shares over the last six months and never got a fill. Not sure I want any bank stocks even in Australia. The really large banks make it difficult to understand exactly what they own, loan loss reserves and even "Other" assets category is large (look at BofA) and very difficult to know what exactly those items cover. EKS