Sun Tzu said: The good fighters of old first put themselves beyond the possibility of defeat, and then waited for an opportunity of defeating the enemy.
I don't read Jim Jubak often, but I ran across one of his columns that you might find interesting about the financial institutions. You can be transported to it by clicking below.
I suppose both BAC and WB wanted to get into the mortgage business. I'm reminded that when we see these 'deals' --and we can include Sam Zell's selling of his real estate business in that one--we should be instructed by them. These are founders and builders of businesses that even with all of that energy and time spent in constructing them, they were able to sell it and get the best price.
If they were not too attached to sell when the market was at its pinnacle--when the news and prospects for unlimited returns--then why do we get too attached to our own holdings which involve nothing but our putting in a sell order? I think that it is something constructive on which to reflect.