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Industry Focus

Where the Money Is 09.15.14

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 15 September 2014

⏱️ 15 minutes

🧾️ Download transcript

Summary

Two Motley Fool Analyst dive into what investors need to know about investing in banks and the financial sector.

Transcript

Click on a timestamp to play from that location

0:00.0

A deep dive in banks because literally they are where the money is.

0:06.0

Hi fools, welcome to Monday's edition of Where the Money is.

0:13.6

I'm financial analyst Michael Douglas and I'm here with

0:15.9

Senior Banking Specialist John Maxfield.

0:18.2

John, how are you doing?

0:19.1

How is your weekend?

0:20.4

It was great.

0:21.1

Thank you.

0:21.5

Thank you very much.

0:22.4

That was yours. Oh. It was pretty good.

0:25.0

Sort of a highs and lows. I had a loo owl that I went to at my church and then probably had to have a cavity filled this morning.

0:32.0

So it's the best of times and the

0:34.6

worse of times. I would love to see you in a grass skirt Michael. And we're going to move

0:41.5

on to right into bank stocks.

0:45.0

So we want to talk a little bit about, you know, how do you avoid the bad ones, how do you get

0:48.2

the good ones.

0:49.2

But first off, a little bit of background, right?

0:51.1

And I'm drawing heavily from Morgan Houseles' appearance

0:53.9

on where the money is in 2013, where he talks

0:57.1

about the fact that in over 100 years,

0:59.4

the banking industry, on the whole, basically didn't make any money. You know they would make a

1:06.9

bunch of the boom times and they'd lose it all in the bus times and since the

...

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