I have a confession to make. I hated math as a kid.
I put up with it because I needed it to earn grades that kept the Wrath of Mom at bay and to track my favorite baseball players’ stats, but math and I were not buddies.
In my teenage years, I was not in a love affair with trig and calc as I had a marked preference for girls and beers.
As I got older, however, I began to figure something out about life and the world we live in. I came to one inescapable conclusion.
It matters one whole big damn bunch. Math is at the heart of the universe itself.
And if you want to make anything of yourself – or make any money at all – math matters to you.
Last week, on the heels of the massive BB&T-SunTrust merger, I told you I’d show you how to profit off the massive bank merger wave I see developing.
Tuesday has arrived, and I’m as good as my word.
The ongoing bank consolidation trend has its roots in the 80s, when the interstate banking laws were changed to allow cross state line ownership.
The trend accelerated in the aftermath of the S&L crisis when the prices of good banks fell right along with the ones that were overloaded with junk bonds and dubious real estate loans. It was far cheaper to buy a smaller competitor than it was to try and expand in a new state or region.
The consolidation continued right on through the internet bubble and collapse and right up until the eve of the credit crisis in late 2007. Consolidation went on a holiday until about 2011 and started right back up where it had left off 34 years earlier.
And it will make you rich if you let it work for you.
Each year somewhere between 3-5% of US banks are taken over, and that’s going to continue until we get below 2000 banks.
Making money off this trend is ridiculously easy, and I’ve got two plays all lined up for you…