Doug Kass tells CNBC (video) he sees housing beginning a "multi-year recovery" that could last...

|By:, SA News Editor

Doug Kass tells CNBC (video) he sees housing beginning a "multi-year recovery" that could last the decade. Kass views major banks as the best way to play the recovery, expecting them to benefit from rising rates as the economy improves. His top pick is Berkshire Hathaway (BRK.A, BRK.B), which he thinks trades at a "30% discount to intrinsic value." He also likes WFC and BAC. (more)