Company
Bank of America
TL;DR
Bank of America appears in the book as one of the distressed companies that Berkshire Hathaway invested in during the 2008 financial crisis.
Bank of America appears in the book as one of the distressed companies that Berkshire Hathaway invested in during the 2008 financial crisis. Buffett's ability to invest in Bank of America, Goldman Sachs, and General Electric at sweetheart terms demonstrates the strategic advantage of maintaining massive reserves - enabling feeding during others' starvation periods.