, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers.
Berkshire began investing in San Francisco-based Wells Fargo in 1989, and spent at least $12.7 billion on its shares, building a 10% stake. The conduct grew out of Wells Fargo's longstanding strategy of selling more products per customer, or cross-selling.
Source: News Formal (newsformal.com)
bearish on banks
This man has said on national TV several times that he holds his stocks for ever. Yes, our time horizon is for ever !
Hello You have a huge family on social media. If you make a noise for palestine, it will be major step for humanity and palestinians. Israel has killed thousands of innocent people up to today. They try resist this terror. You can be hero for these brave hearts HopeToGaza
Whoa. That’s HUGE!