Warren Buffett’s Berkshire Hathaway Inc. holds nearly $100 billion in financial-services stocks, underscoring the size of the billionaire investor’s ongoing bet on the future of the U.S. economy.
Berkshire’s position has built up over years and includes banks, payment companies, insurers and a ratings firm. Taken together, these holdings represent about one-fifth of Berkshire’s $481 billion market capitalization. By comparison, at the end of 2010, investments in these kinds of companies accounted for 12% of Berkshire’s market capitalization.
