Warren Buffett Absolutely Nailed This Stock Pick During the Pandemic
A lot of investors, including myself, gave Warren Buffett a good amount of grief during the pandemic. The Oracle of Omaha didn't make some of the exciting moves that people had hoped for and instead continued to hold high levels of cash.
Berkshire also sold a lot of its bank stock holdings, which I still don't quite entirely agree with, although Buffett attributes the decision to not wanting to be too exposed to the sector in case the pandemic worsened.
But one big move Buffett and his company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) seemingly nailed is their decision to load up on Bank of America (NYSE: BAC), the country's second-largest bank by assets. Let's revisit this decision and look at why it has worked out so well.
Source Fool.com
