Derek Pilecki, managing member and portfolio manager at Gator Capital Management, shares his journey in launching a financials-focused fund just before the Lehman Brothers collapse. He discusses achieving an astounding 21% annual return while navigating the 2008 crisis, including strategies like aggressive trading and focusing on undervalued stocks. Derek reveals why he's bullish on financial companies, highlights a remarkable 186% return in 2009, and discusses his top position in First Citizens Bancshares amidst current market conditions.

Derek Pilecki discusses financial sector trends, Western Alliance Bancorporation, Capital One, regulatory environment impact, election effects on banks, Robinhood, Fannie's and Freddie's, buybacks insights, and why banks are viewed as below average businesses.