Buffett is bonkers for bank stocks

Summary:
Mike's been reporting on this from Buffett at BRK....10 stocks Warren Buffett is buying (and 6 he's selling): Warren Buffett, chairman and CEO of Berkshire Hathaway, took a few more bites of Apple stock in the most recent quarter. But the big news is that he’s bonkers for bank stocks. https://t.co/yBSfCHhh4j— Kona Nature Tours (@KonaNatureTours) November 17, 2018 Also this out this week; I interpret this as banks are pricing their risk-asset loans at prices below liquidation value... hmmm why would they have to do that I wonder????  What are bank risk-assets really worth at this time????SO loss given default (#LGD) on .5 trillion in bank owned 1-4s went negative last quarter. Banks are explicitly profiting from defaults. Example of how @federalreserve distorted home prices. Will #HPs

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Bill Haskell writes From the Middle Out and Bottom Up

Joel Eissenberg writes The business model of modern universities

Bill Haskell writes The Economics of Killing Medicaid . . .

Angry Bear writes Healthcare in the United States