YouTube Deep Summary

to claim that great stocks have become overvalued. But sometimes these stocks have a lot more room to run. Take Capital One Financial, the bank with a huge credit card business that we own for the Chapels Trust. But you can join by. You can follow along by joining the CNBC investing club. Now, since we first bought this one for the trust on March 6th, we're already up over 28%, but we're sticking with it. Why. Because I think it's got a tremendous growth story. It's not not done anywhere near here. The recent run is all about Capital One's acquisition of Discover Financial, and an all stock deal valued at $35.3 billion. Capital one has always been a major credit card issuer, but buying discover gives them one of the four major payment networks right alongside visa, Mastercard and American Express. We all we know all those are great stocks. What makes discovery more unique is that, like American Express, it both issues its own cards and processes payments. Visa, Mastercard don't operate that way. They simply collect little tolls for running their own payment networks. And they don't take any credit risk, which is good. In simple terms, this acquisition gives Capital One ownership of the Discover Global Network, allowing them to scale up to become a truly global payments platform. It also helps them reduce their reliance on Mastercard and visa, because now they have a payment network of their own and can collect transaction fees directly. By the way, this is another reason why I was so hostile to the Biden administration's antitrust regulators. They reflexively opposed virtually every merger, but sometimes allowing these deals creates new competition. Discover on its own could never really go toe to toe with visa, Mastercard and American E.