IN THIS EPISODE, YOU’LL LEARN:

• What is the intrinsic value of Charles Schwab?
• The importance of networking effects in wealth management.
• Why the two most important metrics in wealth management is AUM growth and NIM.
• How to value a financial service company.
• What the expectation is for inflation, and the impact for Charles Schwab.
• Ask the Investors: When do you understand an asset well enough to invest in it?

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Intro  0:00  

You’re listening to TIP.

Preston Pysh  0:02  

On today’s show, Stig and I have Arif Karim back to talk about an intrinsic value assessment. 

After graduating from MIT more than two decades ago, Arif entered the financial investment space. He’s now the senior investment analyst at Ensemble Capital Management. 

The purpose of these types of shows are to conduct deep dives into individual companies so we can learn about the important aspects of valuation and the competitive nature for businesses in its sector. 

Today’s discussion will be for a deep value pick and that’s Charles Schwab. Without further delay, here’s our chat with Arif.

Intro  0:36  

You are listening to The Investor’s Podcast, where we study the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected.  

Stig Brodersen  0:57  

Welcome to The Investor’s Podcast. I’m your host Stig Brodersen. As always, I’m accompanied by my co-host, Preston Pysh. 

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BOOKS AND RESOURCES

• Arif Karim’s company, Ensemble Capital.
• Ensemble Capital’s educational blog.

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