Story updated with detailed information.
- Berkshire Hathaway invests $5 Billion In Bank of America
- Warren Buffet calls Bank of America a "strong, well-led company"
- Shares up 23% at $8.58 in premarket trading
Investors are choosing passive over active investing by a huge margin for lower costs and a shot at better returns.
I don't see Berkshire Hathaway selling any shares of Wells Fargo over this.