They are money makers in normal times. In financial crises banks need bailouts. They got one in 2008 and will need one now No question t He still lives in old paradigm. Deutch e bank is a model for what is gonna happen to all banking behemoths all over the world
The concept of value investing seems to elude you. The possibility of growth is built into the price of the IT companies; some would argue most IT companies are overpriced. Meanwhile, I identified an absurdly cheap entry point for BMO. What IT stocks do is irrelevant.
I forgot to mention that the bank had the best management at that time among all the Indian Companies listed and that is the main thing. buying well managed companies is a sure way to become filthy rich if you had bought any Japanese share listed it would not. the Japanese share index made it' s all time high in 1987 at around 40000 and has been making new lows since. this is amazing since from 1994 onwards Japanese companies are among the best in the world however if you had bought any share in any country in 1980 …..many companies would not have lasted 40 years
traders will always be beggars investors will always win if they invest in well managed companies. Buffet for over 40 years had only a very few companies