Warren Buffett blew a quarter of a billion on Irish bank shares last year

Guess what,

Warren Buffett blew a quarter of a billion on Irish bank shares last year.

This quote is buried in the piece below.

“In 2008, he purchased $244 million worth of shares in two Irish banks, leaving him with an 89% loss at year’s end”

But having said that, he thinks banks are good buys right now.

See this link.

http://www.fool.com/investing/dividends-income/2009/03/11/buffett-likes-banks.aspx

S