An Industry That I’m Staying Far Away From
by | Posted 5.29.2012 | Post Comment (No Comments)

Last week, I did give you an indication of one sector that I’d be unwilling to try investing in these days. Banks in general are difficult to value but especially European banks. They have so many ongoing issues, have some terrible loans on their books, hold bonds that are not marked-to-market, have all kinds of messy relationships with each other (problems of one bank will get the next one in trouble, etc)… It’s a big mess and I’m personally going to stay away for some time.

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