How Berkshires Sold All Their Bank Exposure

The banks were Buffett on the banks. Just good timing. I think, no, I think he probably saw stuff. Paul said something about this at the press conference. Financial conditions indicators have not shown much tightening even since the crisis happened with these bank failures. And it felt like there was significant tightening in some financial conditions. Certainly if you read the things of each bank, they seem like it. There were little hints all over the place about stuff. So that's interesting. The equity markets also fit pretty like, I know it doesn't feel this way to people, but it's pretty calm considering what's happened.