Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2016-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Do You Feel Good About the Going Forward Prospect of the Investment Banking Business?

The public policy since 2008 and nine has been to very much toughen up capital requirements in a variety of ways for banks. Wells Fargo is our largest single marketable security not I'm not counting Kraft Heinz which is about the same size. We didn't make it any decision to buy a single share based on the fact they were going to be more in the investment banking business because of the Wacovia acquisition. They've got a lot of sources of income they've got a huge base of very cheap money.

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