from Trung Phan | by Trung Phan

Live footage of regional bank CEOs meeting with Warren Buffet in Omaha t.co/LdPUOBRTQU

Big Daddy Buffett’s deal for: BAML in 2011 — $5B cash for $5B preferred shares (5% dividend) — warrants for 700m common at $7.14 per share (when he exercised in 2017, it was ~$30 a share) — So in 6 years, turned $5B into $20B+ and $1.5B in dividends — Today, owns 13% of BAML… t.co/3MtMRleesn t.co/0EDqLgVIBB