To The Moon

Bank of America is the second-largest holding in Berkshire Hathaway's large equities portfolio.Warren Buffett is one of the greatest investors of all time, and his success helped build his company Berkshire Hathaway into one of the largest conglomerates in the world.When researching new stocks, Buffett says he looks for stocks with strong financial performance. But he's not just looking for good performance over one or two years. He wants consistency over five to 10 years. Buffett wants the stocks he invests in to be able to generate strong financial performance over and over and in a variety of different economic scenarios.One of thelargest holdings in Berkshire's portfolio, Bank of America (BAC0.63%), has certainly shown its ability to do this over the last decade, es

Private-equity and hedge-fund managers would need to provide statements on fund performance, compens

It poses some risks, but this company is making all the right moves to succeed in a very tough industry.