Mr Cooper Group Inc (COOP)

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Advice:

If you dont have the experience or education to understand how a banks balance sheet works, it would be best it you just didn't look at it at all.

For instance: a deposit is not an asset. Its a liability. It's somebody elses money that the bank is just holding. The bank owes that money BACK to the owner....hence it's a liability.

Some of the things I'm seeing are just flat out insanely wrong. But people who dont know anything are commenting on it, and then people that ALSO don't know anything don't have enough sense to realize that the people that made the initial comments DONT KNOW ANYTHING.

I see that new FDIC document, and I'm not convinced it suggests that anything is coming our way. I could be wrong...happy to admit that and would love to be wrong if that means I'm about to get paid.

I'm not in the category of "I know everything." But I am in the category of "I know something."

This idea of perpetual hope is like asking someone to place a bet on a game where their favorite team is playing. They will NEVER bet against their team. Ever. Dont even tell me the odds, I'm too involved emotionally to make a rational decision.

Does anyone resonate with that? And by the way, I'd be very happy to be wrong here.