Today’s guest is Ben Mackovak, Co-Founder of Strategic Value Bank Partners, an investment partnership specializing in community banks. Ben also sits on the board for several banks, giving him unique insight into what’s going on in this area.
It's been a wild ride lately for the banks. 2023 was the biggest year ever for bank failures. There are concerns about commercial real estate risk in the banking system, the Federal Reserve has raised interest rates at an incredible pace, and valuations for the entire sector are at a steep discount to the market. So, we had Ben join us to talk about all of this and share if these concerns are justified or if there is still opportunity in the space.
(1:22) - Welcome Ben to the show
(2:08) - Overview of Strategic Value Bank Partners back in 2015
(5:40) - Distinguishing between community and regional banks
(7:42) - Discussing bank failures and reforms
(28:49) - The state of banks today
(33:13) - Banks exposure to commercial real estate risk
(35:58) - Engaging with banks
(40:13) - The impact of fintech
(49:35) - Revealing Ben’s most controversial viewpoint
(54:02) - Ben’s most memorable investment
Learn more about Ben: Strategic Value Bank Partners
-----
Follow Meb on Twitter, LinkedIn and YouTube
For detailed show notes, click here
To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
-----
Sponsor: Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here.
Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok
-----
Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com
-----
Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
-----
Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
Learn more about your ad choices. Visit megaphone.fm/adchoices
The Cambria Chesapeake Pure Trend ETF (MFUT) | Jerry Parker & Meb Faber
Financial Sleuthing: Herb Greenberg on Investigative Journalism in Finance | #539
UBS' Jason Draho - Another Roaring '20s for the US? | #538
RBC's Lori Calvasina on How to Invest in The Post-Pandemic Era | #537
Thiel Fellow Eva Shang - Litigation Finance Masterclass | #537
MEBISODE: The Bear Market in Diversification | #536
KraneShares' Brendan Ahern: Is China Investable? | #535
Michael Melissinos - Mastering the Art of Trend-Following | #534
Eric Crittenden & Jason Buck Explain Why Best Investors Follow the Trends | #533
Hendrik Bessembinder - Do Stocks Outperform T-Bills? | #532
GMO's Catherine LeGraw - Capitalizing on Global Asset Allocation in 2024 | #531
Professor Kenneth French on Risk, Return, and Rationality | #530
MEBISODE: T-Bills and Chill…Most of the Time | #529
Cliff Asness: Timely & Timeless Investment Wisdom | #528
Indexing Nevada PERS: Steve Edmundson’s $60 Billion Strategy | #527
MEBISODE: Should CalPERS Fire Everyone And Just Buy Some ETFs? | #526
Grant Williams & Peter Atwater: The Market is 'Long Abstraction, Short Reality' | #525
Tim Ranzetta, NGPF - Teaching America Personal Finance | #524
Whitney Baker on The Death of (Upside) American Exceptionalism | #523
How to Convert an SMA to an ETF with Wes Gray & Robert Elwood | #522
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast