Buffett's Banks

Plus: Hedge Fund Performance: Man vs Machine, Capital Ratios, Venture Investing

Sadly, I won’t be in Omaha tomorrow for the Berkshire Hathaway annual meeting. It’s a shame because as a financial sector analyst, it’s always instructive to hear what Warren Buffett says about the industry. Finance is one of his biggest bets – it makes up 30% of his equity portfolio and, through his insurance businesses, the largest part of his operati…