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We all know Buffett has reduced our exposure to BAC, but it's still a material holding. Yesterday trump threw his first spitball at Buffett who HATES the crypto space, and Buffett will not be one of the cool kids for the next four years. RFK and his pals will be going after the likes of Coke, Kraft Heinz, etc. The fact is, this administration doesn't figure to be, Buffett friendly.

" "I hope you start opening your bank to conservatives," Trump told Moynihan, who was part of a panel on the stage. The BofA chief executive quickly changed the subject, saying that his bank was looking forward to sponsoring the FIFA World Cup in the U.S. in 2026 and thanking the President for securing that event.

"We serve more than 70M clients and we welcome conservatives. We are required to follow extensive government rules and regulations that sometimes result in decisions to exit client relationships. We never close accounts for political reasons and don’t have a political litmus test," a Bank of America (NYSE:BAC) spokesperson told Seeking Alpha in an emailed statement."

This may not be Buffett's type market,

" Greenlight Capital’s David Einhorn thinks speculative behavior in the current bull market has ascended to a level beyond common sense.

“We have reached the ‘Fartcoin’ stage of the market cycle,” Einhorn wrote in an investor letter obtained by CNBC. “Other than trading and speculation, it serves no other obvious purpose and fulfills no need that is not served elsewhere.”

A crypto token called “fartcoin” exploded in popularity as the recent election of Donald Trump unleashed a storm of animal spirits on Main Street. The meme coin is now edging toward a $2 billion market value, surpassing many U.S.-listed companies.

More meme coins have emerged since the inception of fartcoin. Trump launched $TRUMP, a meme coin built on the Solana platform. Its market cap over the weekend climbed past $14 billion. The coin at one point was down more than 20% over the past 24 hours, but it has since cut its losses to around 3%. Trump’s wife, Melania, also unveiled a coin."



https://www.cnbc.com/2025/01/21/david-einhorn-says...

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