WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Wednesday, November 20, 2013

Why Warren Buffett Bought More of This Bank

Berkshire Hathaway recently disclosed its most up-to-date stock holdings, and the company run by Warren Buffett has recently bought even more stock in one big bank.

While many people know of Berkshire Hathaway's $19.1 billion position in Wells Fargo , some may be surprised to see that Buffett has been steadily adding to his holding of US Bancorp over the past year:

While the biggest gain in position came between the first and second quarter of this year -- it is interesting to note that Berkshire Hathaway has added small incremental gains with each passing quarter. Compare that to Wells Fargo, where Buffett added a sizable position between the first and second quarter of this year, but otherwise his position has remained relatively stable:

buffett berkshire hathaway