"I think I know their future, frankly, better than somebody that comes in to take a look,"...

|By:, SA News Editor

"I think I know their future, frankly, better than somebody that comes in to take a look," Warren Buffett said of a key holding, Wells Fargo (WFC), dismissing the importance of the government's "checklist" stress tests. "All banks aren't alike by a long shot, and in our view Wells Fargo, among the large banks, has some advantages the others do not." (Bloomberg)