Skinny Tigers, Hot Rods and Talented Armadillos

I didn’t get a Thursday piece out last week as I was busy prepping for my trip to Phoenix and the Bank Directors Acquire or be Acquired Conference. This is easily my favorite conference each year as more than 1000 bankers, investment bankers, and Fintech types gather in the desert to talk banking. The mood this year was incredibly upbeat as bankers are looking forward to reduced regulatory requirements, lower taxes, higher interest rates and a stronger economy. I am not sure they will get it all as quick as they would like but as I quickly discovered mentioning that fact to a banker who is blinking in the sunshine as they emerge from almost nine years in the darkness is a lot like trying to take a steak from a skinny Tiger.

I confirmed again on this year’s trip that my backside is not built for any flights much over 4 hours. Airlines are maximizing profit by squeezing as many folks on each flight as they possibly can, and that makes for uncomfortable flying. Of course, I am old enough to remember when you were served an entire meal on a flight and could sit back and enjoy a cigarette after the meal. Times have changed, and while I appreciate the profit motive, my skinny butt does not enjoy the long voyage in an uncomfortable seat. As I was picking up a rental car when landing, I could not even use the cocktail remedy to solve my comfort issues, so the last hour or so of the flight was just not fun.

The rental car was fun. They gave me a Dodge Charger Hemi to drive, and I am not a car guy by any stretch of the imagination, but that thing is just fun to drive ...

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Baseball, Brass Knuckles and Wild Weekends

It is going to be an interesting weekend. The Inauguration of Donald Trump as the 45th President of the United States is going to touch of arguments, paid discussions, rallies, counter demonstrations and at least a moderate chance of full ...

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Just the numbers

Closed Trade History (Realized Gain)

Download CSV

Symbology

Position

Quantity

Entry

Exit

P/L ($)

P/L (%)

Entry Date

Exit Date

EVBS

Long

300.0

$5.03

$9.92

$1,467.00

97.22%

06/07/2013

12/14/2016

TRCB ...

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Greek Philosophy, Tough Guys and Rubber Necking

In his most recent memo, Howards Marks of Oaktree (OAK) talks about forecasting. At one point he cites Greek philosophy to make his point saying ““If you wish to improve,” Epictetus [first-century Greek philosopher] once said, “be content to appear ...

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Banks, Cyber and Black Eyed Peas

As we head into New Year’s weekend, I find myself reading a lot of year in review and next year outlook material. I am a big fan of the overviews and outlooks but try to avoid those prognosticators making ...

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Todays Pre-market show. Banks and a REIT

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REITs, Reading and Rum

I spent some time today talking with Brad Case about the REIT and real estate markets going into the New Year. Brad is a Senior Vice President, Research & Industry Information at the National Association of Real Estate Investors and ...

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Holiday Stress,Books and Profitable Inactivity

December is rolling along, and we are edging ever closer to the Holiday. I am starting to talk to some folks who are in a dead panic about what to get from old Uncle Fred or Joe in the office ...

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Risks, Real Estate and Reality

After a two week hiatus, I am back with my regular weekly ramblings and ruminations on markets and anything else that strikes my fancy. One week was missed due to Thanksgiving of course but the week prior my wife ha ...

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Forecasts, Small Banks and Hot Stoves

Once again the forecasters got it all wrong. Hillary was supposed to win a huge Electoral College victory, and stocks would rally on the continuation of the status quo. If a miracle happened and Trump won, we would see a ...

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Bankers, Memories and Winter is Coming

While everyone else is trying to trade around earnings season I find it far more valuable to sit back, relax and read what the people running the business say about their company. I find this particularly useful when it comes ...

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Real Estate, World War III and the Chicago Cubs

Just to mix things up a bit this week I will send out my weekly piece on Wednesday instead of Thursday. Tomorrow I will be hoping on a plane to fly to Chicago as my daughter and her husband have ...

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