Business Philosophy

Beware the Sirens’ Call: The Discount to Book Value Trap

In Greek mythology, unsuspecting sailors were lured to their deaths by the sweet, soothing song of the Sirens.  Like those unfortunate sailors, many investors today are lured to poor investments in financial stocks by the sweet sound of “available at a discount to book value.”  Like Odysseus’s sailors in the Odyssey, investors would do well … » Continue Reading