Buffett Didn’t Sell BofA Stock, Didn’t Buy It Either
- Thursday, March 3, 2011, 0:24
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Bank of America stock appeared to fall out of favor with Warren Buffett in the fourth quarter – his Berkshire Hathaway dissolved its stake in the bank – but during an interview with CNBC Wednesday morning the billionaire explained that was not the case. Rather, the Bank of America holding was one of Berkshire’s positions built by Geico’s Lou Simpson, who retired at the end of 2010.
http://blogs.forbes.com/steveschaefer/2011/03/02/buffett-didnt-sell-bofa-stock-didnt-buy-it-either/
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