Warren Buffett has made a statement, saying that he "guarantees" that banks won't get the U.S. in trouble again. In this video, Motley Fool financial analysts Morgan Housel and Matt Koppenheffer affirm that they assume he didn't mean that the banks won't "ever" get the U.S. in trouble again, because while the near term looks good, the banking sector and banking crises are reliably cyclical, and that cyclical behavior is almost certainly not behind us.
Warren Buffett makes a surprisingly unequivocal guarantee of the banking sector.
About the Author
Morgan Housel is the best-selling author of The Psychology of Money and Same as Ever. A former economics and finance columnist for Fool.com and analyst for Motley Fool One, he currently serves as a partner at The Collaborative Fund and on the board of directors at Markel.
