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How Buffett Values Banks

Learning from the master.

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

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 (WFC +0.77%), Bank of America (BAC +1.27%), and now, Goldman Sachs (GS +0.74%).

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.

Read Next

About the Author

Morgan Housel
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.
cmfhousel

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.

Stocks Mentioned

Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKB
$476.31
(-0.63%)-$3.03
Goldman Sachs Group Stock Quote
Goldman Sachs Group
NYSE: GS
$841.88
(+0.74%)+$6.16
Bank of America Stock Quote
Bank of America
NYSE: BAC
$48.74
(+1.25%)+$0.60
Wells Fargo Stock Quote
Wells Fargo
NYSE: WFC
$80.22
(+0.77%)+$0.61

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

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