TIP293: Intrinsic Value Assessment of Bank of America w/ Bill Nygren (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Investing, Education, Business

4.6 • 3.6K Ratings

🗓️ 19 April 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, Stig and Preston talk with investment experts Bill Nygren and Mike Nicolas from Oakmark Funds. The topic is determining the intrinsic value of a company and the company being assessed is Bank of America. IN THIS EPISODE, YOU'LL LEARN: How to estimate the intrinsic value of Bank of America. How to understand bank valuations based on tangible book value. How to read the yield curve and what it means for profitability for banks. How to understand the competitive situation between Wells Fargo, JP Morgan, and Bank of America. Ask The Investors: Why should I buy psychical gold over paper gold? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Oakmark Fund’s website. Oakmark Fund’s market commentaries. Preston and Stig’s interview with Bill Nygren. Preston and Stig’s interview with Sean Stannard-Stockton on First Republic Bank. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:03.0	On today's show, we're going to be doing a deep dive in
0:05.1	Trends-Aid Value Assessment on an individual stock pick.
0:08.1	And the company today is Bank of America.
0:10.8	To help us with today's assessment, we have Mr. Bill Nigerin
0:14.0	and Mike Nicholas.
0:15.4	Bill is the CIO at Oak Mark Funds, which has over $76 billion
0:20.0	under management.
0:21.4	So get ready to hear some in-depth discussions about the
0:24.2	intrinsic value of Bank of America.
0:27.2	You are listening to the Investors Podcast, where we study the
0:34.2	financial markets and read the books that influence self-made
0:37.2	billionaires the most.
0:38.2	We keep you informed and prepared for the unexpected.
0:42.2	My name is Dick Brothers and then as always, I'm here with my
0:53.2	co-host Preston Pish.
0:55.2	On the show, we have Bill Nigerin and Mike Nicholas.
0:58.2	How are you guys today?
1:00.2	We're hanging in there, Stake.
1:02.2	I can't really say we're good.
1:04.2	Markets down 10% today after a couple of bad weeks, but we're
1:07.2	doing OK.
	...

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