One of the reason Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) works in a recessionary environment. In this Fool Live video clip, recorded on June 21, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss how bank stocks typically perform in inflationary environments, as well as during recessions. They make more money during mildly inflationary environments, not when inflation gets out of control and people can't afford things and there's a lot of uncertainty.