Bruce Berkowitz’s thesis on BAC and AIG

Posted on May 25, 2012 by Timeless Investor

Excellent in-depth study on BAC and AIG from Bruce

CaseStudy- BAC

CaseStudy- AIG

Both companies are quite similar:

  • Trades at much less than book value
  • Fortress balance sheet
  • strong brand name
  • Essential to global economic
  • Outstanding business leaders
  • Tremendous upside potential in price, very limited downside

Disclosure: I long both BAC.WS.A and AIG.WS.

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.
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