Yesterday I wrote up an article titled, Small Bank Opportunities. Today I am buying regional banks using a weighted basket approach.

I am not a fan of Bill Ackman but I agree with his thesis on bank stocks here

Bill Ackman @BillAckman

Our economy will not function effectively without our community and regional banking system. Therefore, the @FDICgov needs to explicitly guarantee all deposits now. Hours matter. We also need a modern version of our deposit insurance regime, but that will take some time, and… https://t.co/38mcc75M9a

2:59 PM ∙ Mar 13, 2023

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Ackman thinks regional bank stocks are a good buy. He also goes to explain that he believes Warren Buffett is a buyer here. He is probably right. Regional bank stocks across the board are bleeding red. Some down over 70%.

As you all know, I invest in tiny publicly traded companies. I like them small and obscure. Regional bank stocks are not small or obscure. But they are down a significant amount and I want to get greedy.

Because I don’t know the names well I allocated a percent of my portfolio to buy seven names. I didn’t do analysis on the names. I don’t know what assets or liabilities they own. But when things are down this much I get extremely interested and I think owning stuff that is down 70% here tends to work out.

Here’s the names I bought: