Buffett mentioned Bank of America is this 2013 letter: Berkshire - TopicsExpress

Buffett mentioned Bank of America is this 2013 letter: Berkshire has one major equity position that is not included in the table: We can buy 700 million shares of Bank of America at any time prior to September 2021 for $5 billion. At yearend these shares were worth $10.9 billion. We are likely to purchase the shares just before expiration of our option. In the meantime, it is important for you to realize that Bank of America is, in effect, our fifth largest equity investment and one we value highly. and, his cost is 5billion/700million = $7.14 per share

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