muguwmper12

Talk Me Down From the Wells Fargo Ledge

Lehman Bros made it through the Civil War and the Depression. That alone is not a qualification.

Talk Me Down From the Wells Fargo Ledge

Moody's and S&P are a lagging indicator. I'm long WFC, but don't make a decision based upon Moody's and S&P rating. They get it right only AFTER the event. Enron is a great example: query.nytimes.com/gst/...

Talk Me Down From the Wells Fargo Ledge

When did BRK ever provide deposit insurance?
When did they discontinue?
Did they discontinue for WFC or for ALL banks?

Talk Me Down From the Wells Fargo Ledge

And...I do a bit of real estate. I know that WFC's lending guidelines over the past 5 years have been stricter than other banks. I have six loans through Countrywide, and five through Washington Mutual. None through WFC even though I do all of my depository banking with them. They simply wouldn't offer me the right terms for me as a borrower. They lost market share because of it. Now they're getting that market share back, and in spades.

Talk Me Down From the Wells Fargo Ledge

I'll tell you what my thinking is. Yes, I'm a terrible simpleton. Warren Buffet has 9% of WFC. Of all the banks out there...this is the one that can pick up a phone and get money if and when it needs it. Oh...I know...far to simple. I gotta admit...I ain't got no MBA.

What Did Buffett Buy: American Express or Wells Fargo?

235322: Where and when did he say it was AXP. Answer is, he did not. But I'd like to hear where you think you heard it.