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Chanticleer

Chanticleer

Warren Buffett is active on US banks, but passive surge rolls on

Chanticleer is Australia's pre-eminent business column.

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There's nothing like a bit of action from the Oracle of Omaha to get investors excited.

On Thursday morning it was revealed that Warren Buffett's Berkshire Hathaway has taken a $US4 billion ($5.5 billion) stake in JP Morgan, adding to a slew of bets on financial services companies including American Express, Bank of America and Wells Fargo.

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