The Fed’s bond-buying and near-zero-interest-rate policy has set up stocks for a big fall, said Jim Grant, the founder of Grant’s Interest Rate Observer.
Also see Jim Grant: The world Has Never Seen The likes of China’s Credit Frenzy
Since the financial crisis, Warren Buffett's Berkshire Hathaway has had significant exposure to financial stocks in its portfolio. Q1 2021 hedge fund letters, conferences and more At the end of March this year, Bank of America accounted for nearly 15% of the conglomerate's vast equity portfolio. Until very recently, Wells Fargo was also a prominent Read More