Many investors deem banks like Bank of America (BAC 0.17%) and Citigroup (C 0.06%) to complex to invest in. Why then does Warren Buffett take such comfort in investing this the banking sector? The answer may be the way Buffett looks at the world and the nature of probabilities. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson look at two tweets and discuss Bitcoin.
Demystifying Warren Buffett’s Circle of Competence
By Matt Koppenheffer and David Hanson – Dec 2, 2013 at 7:07PM
NYSE: WFC
Wells Fargo
Market Cap
$270B
Today's Change
(0.53%) $0.45
Current Price
$86.04
Price as of November 7, 2025 at 4:00 PM ET
The best from the Twitterverse on the world of finance. The guys discuss the complexity of Bank of America and Citigroup.
About the Author
Matt is the head of the Coverage Team for The Motely Fool's premium products. Previously, he's been . Matt is a heavy user of AI tools and is working on harnessing them to help Fool members. Previously, Matt was GM of Motley Fool Ascent, led The Motley Fool Deutschland, has been an investor on various Fool services, and co-hosted the podcast "Where the Money Is". He also co-authored the book The Astonishing Collapse of MF Global. Matt started his career in San Francisco as a technology-focused investment banker and also worked at a $15 billion private equity company. When he's thinking about how to make Fools smarter, happier, and richer, you can usually find Matt running trails or making a mess in the kitchen. He's a graduate of the University of Pennsylvania, but is a lifelong fan of Penn State football.