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How Buffett Values Banks

By Morgan Housel - Apr 15, 2013 at 12:32PM

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Learning from the master.

Warren Buffett has been investing for banks for ... well ... as long as he has been investing. Berkshire Hathaway (BRK.B -0.22%) has large stakes in Wells Fargo (WFC -0.25%), Bank of America (BAC -0.63%), and now, Goldman Sachs (GS 0.35%).

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.

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Stocks Mentioned

Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
$305.96 (-0.22%) $0.68
The Goldman Sachs Group, Inc. Stock Quote
The Goldman Sachs Group, Inc.
$307.80 (0.35%) $1.07
Bank of America Corporation Stock Quote
Bank of America Corporation
$34.66 (-0.63%) $0.22
Wells Fargo & Company Stock Quote
Wells Fargo & Company
$42.01 (-0.25%) $0.10

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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