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Warren Buffett is well- known as one of the greatest investors of all time. The Berkshire Hathaway (NYSE:BRK-B) CEO has amassed an incredible fortune into his old age, acquiring a number of wholly-owned and partially-owned companies within his core holding vehicle (Berkshire).

Value investor Warren Buffett shocked the investing world when he bought growth stock Apple in 2016. The move has paid off for Buffett and anyone who followed his stake.

Warren Buffett has never claimed to be able to predict what the stock market would do over the near term. In a 2008 op-ed for The New York Times, he wrote, "I can't predict the short-term movements of the stock market. I haven't the faintest idea as to whether stocks will be higher or lower a month, or a year, from now."

We recently compiled a list of the 8 Best Value Stocks to Invest In According To Warren Buffett. In this article, we are going to take a look at where Bank of America Corporation (NYSE:BAC) stands

I think. I bought my first stock when I was 11 years old. It was the first quarter of 1942. I spent $114.75. We three shares, 114.75. If I put that 114 into the S&P 500 at that time and reinvested the dividends,

Warren Buffett's Berkshire Hathaway owns a range of stocks in a variety of industries. One of Berkshire's smaller equities holdings has been dealing with difficult market conditions for its business.