Warren Buffett has been investing for banks for ... well ... as long as he has been investing. Berkshire Hathaway (NYSE:BRK-B) has large stakes in Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), and now, Goldman Sachs (NYSE:GS).
People love Buffett because he has a knack for explaining complicated things in simple, clear ways. So when he discussed how he thinks about valuing banks, we listened.
In this video, Fool analysts Morgan Housel and Matt Koppenheffer break down Buffett's thinking.
Morgan Housel owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway, Goldman Sachs, and Wells Fargo. The Motley Fool owns shares of Bank of America, Berkshire Hathaway, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.