August 19, 2019· 49 min

John Hempton on What's Ailing Bank Stocks

John Hempton

Orality

Model

88%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostTracy Alloway(968 words)

M:28%

HostJoe Weisenthal(968 words)

M:28%

GuestJohn Hempton(6,901 words)

M:28%

Oral Indicators

Agonistic43%

very, clearly, extremely

Engagement56%

you, our, your

Memory Aids100%

listen, now, well

Repetition100%

they (79x), right (70x), about (50x)

Parallelism92%

But beyond that, I also happen..., And just a couple hours later,..., So, clearly, we are in another...

Sound Patterns71%

58 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases2%

you know what

Literate Indicators

Hedging9%

rather, fairly, could

Passive Voice3%

are priced, was priced, were valued

Abstract Nouns15%

investment, city, conversation

Subordination6%

because, while, whereas

Sentence Length34%

Avg: 13.5 words/sentence

Word Complexity45%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style44%

454 personal pronouns found

Descriptive Style81%

really, clearly, partly

Description

We live in a world of generally expensive stock markets and bank equities trading at 30-year lows. So says John Hempton, co-founder of hedge fund Bronte Capital and a former bank analyst, who also calls it "one of the great puzzles of the world." On this episode, we take a special trip to Australia to speak with Hempton about banks and how they fit into the way he evaluates good businesses and promising stocks. He notes that bank profit margins have been declining in places with both positive and negative rates. We also speak about how he picks stocks in a market currently trading at eye-watering valuations, why you shouldn't necessarily seek 'value,' and what investors can learn from the early 2000s tech bubble. See omnystudio.com/listener for privacy information.

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