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If you think these currencies won't drop further, find a bank or broker who can buy local treasury bills or high- quality bank deposits.
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"There are very few quality banks that hit the I.P.O.
Where costs are lowest; where there is trust in the political system, quality banking services, confidentiality, to a certain extent, stability of the regulatory environment".
However, Buffett's been buying quality banks since the mid-1960s and it's worth looking at what he's looking at.
We bought the highest-quality banks in the sector: Sumitomo Mitsui, UJF and Mitsubishi Tokyo.
"Some of the more high-quality banks should be ready and willing to repay.
The high-quality banks want a tough, intrusive, fair regulatory environment.
We're investing in Tom and his team because they are delivering a high-quality banking experience for consumers at scale that is sorely missing from the market.
"There's a group of high-quality banks that have bottomed, but Bank of America isn't one of them," said Marty Mosby, large-cap bank analyst at Guggenheim Partners in Memphis, Tennessee.
Concerns about an economic slowdown and the possible deterioration of the quality of bank credit made investors wary of second-tier banks and finance companies.
(Since Dimon had publicly bragged about the quality the bank's risk management, claiming it made JPM safer than other banks, weren't investors being deceived?).
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CEO of Professional Science Editing for Scientists @ prosciediting.com