2min chapter

Acquired cover image

Berkshire Hathaway Part III

Acquired

CHAPTER

Bank of America

Bank of america gets caught up in that. Berkshire stepped in, did the play book and bought 5 billion dollars of preferred equity with a five % coupon on it. To date, berkshire has made about 26 billion dollars in profits on the b of a deal. Weigh more than the seven billion dollars that they made from everything else during the financial crisis combined. And i think, more significantly more than any other investment that warren made in his entire career up to that point.

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