Why Doesn't Warren Buffett's Empire Own This Stock?
In this special edition of The Motley Fool's everything-financial show, Where the Money Is, banking analysts David Hanson and Matt Koppenheffer dip into their mailbag to answer a listener-sent question about Berkshire Hathaway and JPMorgan Chase.
The guys answer the following question: "Warren Buffett said he liked and owned JPMorgan in his personal account. However, Berkshire owns Wells Fargo, US Bancorp and M&T Bank instead. He said he would leave the best ideas to Berkshire, so it seems he likes the other three better. I think it is because they are more "boring"/predictable than JPMorgan."
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The article Why Doesn't Warren Buffett's Empire Own This Stock? originally appeared on Fool.com.
David Hanson owns shares of Goldman Sachs and JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America, Berkshire Hathaway, Goldman Sachs, and JPMorgan Chase. The Motley Fool recommends Bank of America, Berkshire Hathaway, Goldman Sachs, and Wells Fargo. The Motley Fool owns shares of Bank of America, Berkshire Hathaway, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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