Banks vanished from my holdings in the early 2000's except for East West and Cathay which I sold before the latest interest rate rise CRE or whatever crisis to buy something else (land). I have bought a tiny bit of BAC and WFC and done a couple short term profitable trades on East West recently.

Jim's posts along the way sort of reminded me to think, which sometimes I don't do while reverting to instinct and 50 years of investing history. But history to me isn't such a good guide on banks any longer, both managements and the industry itself seem to have endless opportunities for harming themselves.

But anyway, it has been a good back and forth here on banks, particularly BAC. It has served us very well to have this discussion here.

Berkshire Hathaway FAQ

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