A quick scan of the markets nowadays shows that many banks are selling for below their net tangible assets. For a value investor such as me, this is usually a great sign that an investment is undervalued. If a company has net assets above its market value then it can simply liquidate and return cash to shareholders, giving an instant return. However banks are different.
Book review of the Intelligent Investor by Ben Graham, learn about value investing and the psychology of a successful investor. This book introduces revolutionary concepts that every investor should learn.