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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: DTB ✶  😊 😞
Number: of 21944 
Subject: Re: He sold more BAC
Date: 08/01/24 11:28 AM
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Buffett made it clear that he wouldn’t own banks anymore. The only reason for the BAC position was that he initiated the deal. I think it was 2023 AM discussion.


Maybe somewhere else? I'm not seeing that in the 2023 AM. Here is one quote:

Q27. Quick: What do you think of the business models for the big banks as compared to the regional banks?

Buffett: If you follow sound banking methods, a bank can be a perfectly decent investment. We were going to buy banks until the Bank Holding Company Act of 1970 forced us to divest the one bank we had bought. Banking was more attractive to us than insurance. I’ve got my own money with a local bank probably above the FDIC limit. I don’t worry about it in the least. We do have a large investment in Bank of America. I like the management. I proposed the deal with them.


dtb
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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