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	Podcast:		Yet Another Value Podcast
	Episode:		Luis Sanchez lays out the $IBKR thesis
	Category:		Business
	Duration:		01:08:37
	Publish Date:		2022-10-17 12:00:00
	Description:		Luis Sanchez, founder of LVS Advisory, disses the bull thesis for IBKR, including why the company is a major beneficiary of interest rates rising and how the company's business to business solution can drive major account growth. See Luis's IBKR write up here: https://lvsadvisory.com/wp-content/uploads/2022/09/LVS-Advisory-IBKR-Write-Up-September-2022.pdf Chapters 0:00 Intro 2:45 IBKR overview 6:05 What is Luis seeing in IBKR that the market is missing? 12:30 IBKR's valuation 15:15 Is IBKR more net interest or trading driven? 19:00 IBKR's focus on active traders 23:30 Does IBKR have one product risk from the bigger asset managers? 28:30 Blow up risk 38:00 International account risk and opportunity 42:45 Business to business growth 52:45 Trading account stickiness 53:35 IBKR and crypto 55:55 IBKR's founder and management team 1:00:15 Share buybacks and insider selling
	Total Play:		0