Doug Kass, Seabreeze Partners founder & president, explains why he sees a multi-year recovery in the U.S. housing market and recommends buying banks with high exposure to real estate.
He recommends buying Berkshire Hathaway (BRK.A, Financial)(BRK.B, Financial) as they hold 8% of Wells Fargo (WFC, Financial) and preferred shares of Bank of America (BAC, Financial). He has good exposure to real estate due to the number of companies Berkshire owns in the housing sector.
Here is the video:
He recommends buying Berkshire Hathaway (BRK.A, Financial)(BRK.B, Financial) as they hold 8% of Wells Fargo (WFC, Financial) and preferred shares of Bank of America (BAC, Financial). He has good exposure to real estate due to the number of companies Berkshire owns in the housing sector.
Here is the video:
