08 Sep 2011 Buffett And Berkowitz Show Us It's Time To Buy Bank Of America ( Portfolio )
We have two exceptional investors who we can follow today with Bruce Berkowitz and Warren Buffett and the financial sector. Specifically Bank of America, but also Goldman Sachs (GS), and Wells Fargo (WFC).

To add further intrigue to their shared interest is that the last time Buffett and Berkowitz were getting greedy with the same bank stock the result was an overwhelming success...

Dataroma's opinion:
With respect to B of A, it's worth bearing in mind that Buffett didn't buy common equity. He bought preferred shares and was given tons of warrants as sweetener. Would he have bought common equity if B of A's management had rejected his proposal? Probably not.