A Warning from Buffet about Banks

So how to explain Mr. Buffett’s stance on the industry?

An investment banker and blogger who has long offered incisive and witty insights about the industry under the name Epicurian Dealmaker offered this take over the weekend: “He despises investment bankers and employs his considerable folksy charm to scare potential business sellers away from using us for the plain and simple reason that we make his job harder and more expensive. For sellers of companies, investment banks level the playing field.”