How Much Is Warren Buffett's Investment In Bank of America Worth Today?
When Warren Buffett advises investors to be "fearful when others are greedy and greedy when others are fearful," he means what he says. The multibillion dollar investment that Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) made in Bank of America (NYSE:BAC) in 2011 serves as a case in point. A steal of a deal The terms of the deal were certainly advantageous to Berkshire. In exchange for $5 billion, the Buffett-led conglomerate got $5 billion worth of preferred stock as well as warrants to purchase 700 million shares of Bank of America's common stock at any time until Sept. 2021 at an exercise price of $7.14 per share. Given the current value of Bank of America's common stock, this means that Berkshire's
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