Bank data/analytics/investment. Lifelong sailor, water & ocean lover. Tweets are my own; not investment advice
Charleston, SC & Boston, MA
Joined February 2013
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Is your bank's Board of Directors fully engaged and high functioning?
"What separates a productive, collegial board from a poisonous, weak one?"
@ehmccormick with @BankDirector has some worthwhile insight on that:
linkedin.com/pulse/start-hum…
Kevin Mirise, CFA retweeted
Nobody talks about this edge in investing:
Go read the 10-K of a company with a $40 million market cap.
You know how many analysts cover it?
Zero.
You know how many institutional investors own it? Zero.
You know how many people have read that 10-K? Probably four. Three of them work there.
You just became one of the most informed people on earth about this company in an afternoon.
Do that for 20 companies and you know things the market does not know.
Go try that with Apple. There are 400 analysts covering Apple. Harvard MBAs have been reading that 10-K for 20 years. You have no edge. You are just noise.
The greatest investors nobody has heard of are not smarter than Wall Street.
They just went somewhere Wall Street was not looking.
A $40 million sewage pipe fitting company in Ohio has a 10-K.
It has audited financials. Real revenue. Real margins. Real insider ownership.
And nobody has read it.
That is not a problem.
That is the opportunity.
The edge in markets has never been information.
It has always been attention.
Go where nobody is paying attention.
Read what nobody is reading.
Own what nobody is owning.
The market is not efficient. It is just crowded in some places and completely empty in others.
Go to the empty places.
The 10-K is free. The edge is free.
Most people will not do this because it is boring.
That is the point.
Kevin Mirise, CFA retweeted
if you all ever wonder what kind of banks I look for, here ya go, no click bait, no ai, no attempt to sell a subscription, just quiet, superior performance by a bank that can be illustrated in a simple image
Can’t say there aren’t fantastic marketing opportunities to be had for financial services firms in ocean racing / yacht racing!
#RolexSydneyHobart @NorthSails @rshyr
Kevin Mirise, CFA retweeted
Jeff is one of the best in the business.
Bankers: Don't be afraid to bring in outside help. Leverage outside help to get fresh perspectives, learn about different experiences, and uncover creative solutions. We don't bite! youtu.be/-tu5Lr_JKEM?si=L0J1…
Kevin Mirise, CFA retweeted
Congressperson…who knew they could become multimillionaires approaching $100 million on a $174k salary
Kevin Mirise, CFA retweeted
My class at @thePCBS is going to be AMAZING this year. Flying top bankers in from across the country for different days.
Kevin Mirise, CFA retweeted
You can learn more in one site visit than any CIM or financial model can teach you
Kevin Mirise, CFA retweeted
IMO @victaurs & @colarion are the 2 best substacks for bank investors. Their themes & data/comp tables they write about are very unique. My goal is to join them in the top three. Investors can subscribe here.
thebankzhar.substack.com/
Kevin Mirise, CFA retweeted
Just spoke to a guy in the following situation:
- Owns two homes, one in LA, one out-of-state
- Tenant in out-of-state home just vacated
- Owner would happily move to out-of-state home and rent LA home (thereby adding a home to the rental market, at a time when fire victims are desperate for homes to rent)
- However, due to the state of emergency relating to the fires, the rent he could legally charge for his beautifully renovated single family home in a hip area is limited to... $3300 / month (<50% of market value)
- So, he's staying in LA
*Textbook* example of the idiocy of capping prices.
It starts with being curious. We should be unprejudiced, objective and broad-minded.
Aristotle’s words hit like a quiet thunderclap. Simple, yet profound. It’s a call to intellectual courage, a reminder that real strength lies in wrestling with ideas, even ones you don’t buy, without losing your footing. Too often, people clutch their beliefs like life rafts, scared to let a stray thought creep in lest it capsize them. But education (true education) isn’t about building walls around your mind. it’s about training it to dance with the unfamiliar, to test it, weigh it, and still walk away your own man.
In a world where folks scream past each other, swallowing talking points whole or rejecting them outright, this feels almost radical.
Imagine if we all took a breath, let a foreign idea sit for a minute, and actually chewed on it.. Not to surrender, but to understand. It’s not weakness, it’s confidence. You don’t have to agree with the globalists, the skeptics, or the guy next door, but you’d be wiser for hearing them out.
Kevin Mirise, CFA retweeted
The two-party system rewards conformity and cowardice - a terrible combination.
Kevin Mirise, CFA retweeted
Fauci: “If you ban gain of function research, you are going to interfere with some of the important things we need to do."
Fauci jokes he wants more money.
Kevin Mirise, CFA retweeted
ICYMI: DOGE recommends terminating CDFI Fund contracts buff.ly/4hS2iNl | @BankingJournal
Kevin Mirise, CFA retweeted
It's up to the CEOs of the small banks to run their banks profitably enough that the shareholders are compensated for their investment without the workers paying the price.
And the town benefits from having local decisions made by locals rather than by distant box-tickers.