I Need Help in How do investors such as Warren Buffet react to the cost of debt (interest rates)?2022-06-24 00:37:32
At that time, we were paying double-digit rates on CDs of less than 36 months (our cost of capital) and trying to lend it out at a profit. The net loan rates, after bad debt, were inadequate to pay the cost of deposits. Seeing the writing on the wall I left the bank for a new role.
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