Why Warren Buffett Wanted to Invest in Bank of America

Feb.05 -- Bank of America Chief Executive Officer Brian Moynihan tells the story of how Warren Buffett tried to reach him by calling the bank's call center. The operators would not transfer him. Buffett wound up connecting with Moynihan and invested $5 billion in the bank. Moynihan appears on “The David Rubenstein Show: Peer to Peer Conversations.” The show was recorded Oct. 8, 2019 in Washington.

[@imamelisadigov8013]

Less Kardashians more Buffets, Mungers

[@WDI2008]

BANK OF AMERICA is the best bank in the world!

[@Joe-vb4pg]

No it’s not lol

[@Shortclips_youtube]

2021 and buying Bank of America . Secure the bag 💼

[@ameerhejazi5428]

@@anonymous4405 Big Ouch

[@royreyes8422]

great interview, golden ;

[@janves]

Those videos have way to less views. I don't get it. Nice Story!

[@aliulusoy5115]

Anyone still watch this video?

[@andreburgess6045]

Safe and sound

[@sungkhmerbonna7696]

Great and interesting from krung Angkor

[@benandezproctorandobran4666]

0:53 What's wrong with it?

[@cliftt]

1:29. If I was a common shareholder and bought that day, I would have done as well as he did?! Untrue. Buffett got a much sweeter deal.

[@laithsabunchi2632]

You would’ve done as well. His price was 7.14 in 2011, if you bought BAC in 2011 you’d be up over 500% today on your investment.

[@citizenBR100]

Nobody remembers.
I do.
2008 (not 2011).
At the time, Citibank and GM were below 1 dollar (or in early 2009).
Bank of america was at around 4 dollars.
He bought stocks.
The deal, if I am not mistaken was,:
If the stocks keep on falling, the bank would but from him for the same price.
Now if the stocks went up he would have the right to buy more for the same 4 dollars.
It wasn't just invest 5 billion dollars.
That is leverage, speculation, bet.
Not the plain value investing.
Now he chooses good companies.
Citibank and GM were bankrupt.

[@Pizza-gb1ch]

I remember. I bought back then and was pissed I couldn't get such a deal.
And if they didn't need the money why give him such a deal?! Brian is revising hiatory

[@davidkoba]

I would only buy banks on dips.

[@alejandramiranda306]

1:02 what is it?

[@lawinalawina8638]

wow, very cool !

[@gainguyen9358]

Dạ Rất Cảm Ơn Quý Vị Ạ 💚

[@kingjeremysircornwell7847]

Put the wood Indian back and give the wood Indian a bank account. Fix

[@superswaggerorgasm]

Something to keep in mind here. Buffet said BOA needed the stability NOT the capital. BOA in 2011 wasn't desperate for money but it wasn't a great place either during that time for any bank. The capital from Buffet gave BOA better buying power than their competitors over the markets for the next decade.

[@aiubwahed7975]

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[@projectforthenewamericanci6520]

wow, very cool !