Remove 2007 Remove Conglomerates Remove Investment Banking
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More Than 10% of Warren Buffett-Led Berkshire Hathaway's $374 Billion Portfolio Is Invested in This Stock. Should You Buy It?

The Motley Fool

Thanks to his remarkable track record leading Berkshire Hathaway over the past several decades, Warren Buffett is an investing legend in the eyes of many. For the average investor, looking at what the conglomerate owns can provide potential stock ideas. The Oracle of Omaha has been invested in Bank of America (NYSE: BAC) since 2007.

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2 Warren Buffett Stocks You Can Buy and Hold for Decades

The Motley Fool

Bank of America: 11.2% of the portfolio Buffett and Berkshire first invested in Bank of America (NYSE: BAC) , the U.S.'s s second largest bank by assets, in 2007 amid the global financial crisis. Berkshire also received warrants, allowing the conglomerate to purchase 700 million shares at a strike price of $7.14

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Transcript: Joe Barratta of Blackstone

The Big Picture

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. BARATTA: The media conglomerate? You know, we bought Hilton in June of 2007. RITHOLTZ: — firms or private equity firms? BARATTA: Yeah. BARATTA: Yeah. In the long run.

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Transcript: Aswath Damodaran

The Big Picture

And as you well know, in 2007, accountants fixed what I thought was a horrendous mistake — RITHOLTZ: Right. RITHOLTZ: So have we now gotten to the point where this sort of silliness is over, or are the venture capitalists and investment banks that bring these companies public, are they still playing that game?

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Transcript: Shomik Dutta, Overture Ventures

The Big Picture

I grew up a political junkie, worked on senate races and governor’s races, and had the really good fortune of linking up with Barack Obama in 2007. And then in 2007 got recruited into Obama and that’s when I moved to DC Barry Ritholtz : 00:05:43 [Speaker Changed] Huh. I lived in Rhode Island working for a senate race.