Too worried about being like their peers instead of being a leader in the industry. Monkey see monkey do. Charlie & Co aren't bringing anything innovative to the industry just follow the leader mentality. There's a reason Berkshire is reducing its investment. You didn't listen to your biggest investor. Bring someone in with fresh ideas. SMH, we are all waiting in limbo, during the holiday season.
3 replies (most recent on top)
Berkshire has reduced their position in some banks, including Wells Fargo, but has substantially increased their position in BAC. My money is on Warren, not Charlie.
SMH. You're one of those.
Berkshire is getting out of banking and into pharmaceuticals apparently. Pharma is big business with the pandemic and folks are going bankrupt and therefore delinquent so the banking sector is down.
Not sure why you think this is anything more than common sense for Berkshire. Who do you consider our peers? We're basically a big S&L.