Berkshire Hathaway, the holding company managed by the Oracle of Omaha, Warren Buffett, appears to be buying up additional shares of some the United States’ largest banks---Bank of America, Wells Fargo and U.S. Bancorp. In the company’s second quarter announcement, we learned that Berkshire has more that $10 billion invested in these three banks.Hold on! If you turn on the news or open up the newspaper (btw, Berkshire is also buying shares of Dow Jones, parent company of the Wa[...]
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[Source: The Money Blogs]
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