CNBC Video - Buffett explains the genesis of the BofA deal to Becky Quick - Aug. 25, 2011
Warren Buffett is the third wealthiest man in the world. He also seems to like making market-shifting financial decisions while relaxing in the bath.
On Thursday, Buffett, the billionaire investor and CEO of Berkshire Hathaway, announced his company would buy $5 billion worth of shares in Bank Of America. Critics wondered if Buffett had been pressured to help the troubled bank. Not so, Buffett says.
"He says he just dreamt this idea up on Wednesday morning while he was in the bathtub," CNBC's Becky Quick said on Thursday after speaking with Buffett over the phone.
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