KBWB - Citigroup: Value Trap Vs. Valuation Trap - The 'Oracle Of Omaha' Weighs In

• Warren Buffett’s stamp of approval for Citigroup is good for more than just the recent “bump."
• Citi is still down a double-digit percentage, in line with the market, despite its already depressed valuation.
• A “valuation trap” is buying an asset solely because it is cheap or buying a growth stock that is already too expensive.
• The most “Intelligent Investor” just dumped Wells Fargo and took a significant position in Citi, and it is still not too late to join him.

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