Jeff Santoro

But here's a couple more things that I do.

I try to build some friction into my selling process.

So once I start to have any thoughts about wanting to sell a stock in my portfolio, I force myself to go back and reread the most recent earnings report,

the transcript, the press release, I force myself to get back into the numbers.

Because as much as we all do this for a living and think about this all the time, I find myself getting caught up in the news of the financial media and what the stock price is doing.

And I find that going back and actually looking at hard data, I will often see things I forgot.

Oh, I forgot that this

thing was heading in the right direction.

Or I didn't remember that management said this on the earnings call.

And a lot of times that gives me clarity and makes me feel less of the impulse to sell.

And look, nobody's perfect.

Sometimes holding on is a mistake.

Sometimes the stock does not recover.

I just like to be extra cautious on a sell for all the reasons we talked about today.

Well, every time the banks report, I'm interested to hear what Jamie Dimon says, because I feel like he's often bearish when things are going well, but it never seems like the doom and gloom that he predicts actually comes to pass.

I know, Jason, you're going to talk about what he had to say a little bit, but nobody ever seems to call this out.

That's probably a different podcast, but I'm curious what you think, Jason.

I don't follow the bank sector as closely as you do, Jason, but one thing I do find interesting every quarter is, the degree to which these banks tend to do well or struggle seems to be tied with the type of banking they specialize in and what the economy is doing.

Right now, I'm really interested in seeing what the banks that focus on things like

mergers and acquisitions, they'll have a lot of trading volume if they're into brokerage trading and things like that.