According to MW Buffett has been on a bank-buying tear. Financial companies
made up nearly 40% of the Berkshire portfolio
at the end of March and it’s growing.
The bank-buying foray began last summer as Buffett dumped
Intel Corp. and bought more shares of
Wells Fargo & Co, Bank of New York
Mellon , and U.S. Bancorp . In the
quarters since, Buffett has been loading up. He’s added more Wells Fargo in the
three months ended in March. He bought more U.S. Bancorp. In the last year,
Bufffett has bought into at least eight financial firms, including three
financial technology companies….
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