Of all Berkshire Hathaway's (NYSE: BRK-A ) (NYSE: BRK-B ) investments, its massive holdings of banks stocks are the most peculiar.
"The banking business is no favorite of ours," Warren Buffett wrote in 1991. Yet, fast forward to today and no less than four out of Berkshire's 10 biggest holdings are just that: banks.
What explains the about-face?
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