Berkshire also bet $5 billion on Bank of America back in 2011, at a time when investors had become increasingly concerned about the bank’s future.īerkshire did not respond to requests for comment. These were emergency measures declared by the Federal Reserve after 2008, but they never ended. It famously invested $5 billion in Goldman Sachs Group in 2008, helping shore up confidence in the lender during the financial crisis. In retrospect, now that it’s ended, this was crazy behavior. In retrospect that is, in looking back and contemplating the past we sometimes find ourselves wishing that we had done some things differently. Berkshire has a long history of investing in banks during crises. In retrospect, the companys fourth quarter expectations were too optimistic. “Financial institutions are well within his circle of competence,” Mr. ![]() All the benefits and perks you need for you and your family: Benefits from Day One. Smith School of Business, said he could see Berkshire potentially eyeing other options as well. AdventHealth Retrospect Clinical Documentation Specialist in Altamonte Springs, Florida. ![]() One investor and longtime Berkshire shareholder, Bill Smead, chief investment officer of Smead Capital Management, said he “would not be surprised if Berkshire took advantage of the selloff” in financial stocks to add to its long held position in Bank of America.ĭavid Kass, a finance professor at the University of Maryland’s Robert H. Congratulations to Matt Kish for his accomplishments at the Portland Business Journal. Bancorp slipped 9%.īerkshire’s investment portfolio still has significant exposure to financial stocks: Bank of America and American Express ranked as two of its five biggest stock investments as of the end of 2022. The retrospect will reveal to them a busy, thronging life underlying the serenity of history. ![]() Bancorp by roughly 91% the same quarter-a notable move given Berkshire had been invested in the lender since 2006.īoth stocks were down substantially Monday. Warren Buffett’s company cut its stake in Bank of New York Mellon, which it first disclosed investing in back in 2010, by roughly 60% in the final quarter of 2022, according to a February regulatory filing. That move is proving timely, given the tumult hitting financial stocks over the past week. One of Berkshire Hathaway’s most notable moves in the fourth quarter was cutting its exposure to regional banks. Find 14 ways to say RETROSPECT, along with antonyms, related words, and example sentences at, the world's most trusted free thesaurus.
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