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  • Yes, I remember watching CNBC the day Buffet purchased $5B of BAC preferred.

    One the guests asked rhetorically: "Three years from now, will he make money? I think he will."

    So, the day before the announcement, 8/24/2011, BAC closed at $6.92.

    This past Friday, 8/30/2013, BAC closed at $14.12.

    Wonder where it will be 8/24/2016?
  • Reply to @Charles: It is likely to be higher. This is classical of Buffet - be greedy when others are afraid. Wish I own enough Berkshire Hathaway, share B, BRKB.
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