Citigroup Inc.
C
position
long
Philippe Jabre
Thesis
Similar to his investment in JP Morgan, Jabre bought Citigroup in 2009 after hearing the CEO's positive outlook on the bank's financial health, which indicated a significant opportunity as the market had a negative view of banks at that time.
Did it work?
worked
confidence: high
The long thesis on Citigroup has played out successfully, with a price performance of +259.4% over 211 months. The positive outlook from the CEO and the subsequent recovery of the bank's financial health aligned with the investment thesis, indicating that the market's negative view was indeed an opportunity. This significant return confirms the effectiveness of the investment strategy.
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