To recover from the financial crisis, investment banks like Goldman Sachs (GS 0.70%) and Bank of America (BAC 1.21%) needed capital and credibility. They turned to Berkshire Hathaway(NYSE: BRK-B) for both, giving Warren Buffett incredible leverage to set the terms of his investments.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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The Motley Fool's senior banking analyst, Matt Koppenheffer, was one of the many who attended Berkshire Hathaway's annual meeting last week. His unique and Foolish perspective of the event should be of interest to serious investors.