Patrick McKenzie
3 months ago
Markets seem to be coming around to this point of view, unfortunately. t.co/qdr80zLN2Z
Suppose I’ll make the disclaimer once to avoid having to do it a lot: owing largely to factors related to working in financial industry I have not been short any bank in many years, would not start now even if warranted, and my direct exposure to bank equity is homeopathic.
“Homeopathic?” So I have long had a practice of buying a trivial amount of stock (typically a few hundred dollar’s worth) for any bank that my family or business depends on, for the explicit purpose of being able to call Investor Relations and identify myself as a shareholder.
That is anomalously useful if one runs into routine banking issues, and the general weirdness in my life plus a bit of quirkiness in decisions I make causes me to run into anomalously many routine issues with banks.
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