"American Express is framed as a company that “screws people for a living,” so the speaker explicitly avoids it after the experience of being pursued during prior financial trouble."
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"American Express is framed as a company that “screws people for a living,” so the speaker explicitly avoids it after the experience of being pursued during prior financial trouble."
"AXP is preferred over V because it has a more premium business model and the speaker frames it as a higher-quality earnings-season profile."
"American Express (AXP) is a cash-machine business extracting ~25% APR economics from cardholders' balances, and I view owning the company as a way to capture that high-margin consumer-credit profit pool rather than parking cash in a low-yield savings account."