How to Buy a Bank

I'd be very happy to buy them at two thirds of book value or even you know less than tangible book if other things were fine with what they're doing so here we saw that they were buying back stock again I don't know all the details for because looking at it but it doesn't seem like they've had problems with asset quality in the past. It's not a big deal if they're paying it all out to you in dividends or buybacks doesn't really matter and then like I said if someone else buys it it'll probably be done in a higher multiple same as with insurance things Banks and small insurance things small banks small car dealers it is worth more to someone else