In a recent interview with Yahoo Finance, Berkshire Hathaway CEO Warren Buffett explained why he is bullish on bank stocks:

• “They’re businesses I understand, and I like the price at which they’re selling relative to their future prospects;”
• “I think ten years from now they’ll be worth more money and I feel there’s a very high probability that I’m right;”
• “I don’t think that it will turn out to be the best investment at all, of the whole panoply of things you could do, but I’m pretty sure that they won’t disappoint me.”
• “You have to know what you don’t know and make sure that wat you don’t know isn’t all important.”