Buffett Talks Up His Stock

RSS
buffett-warren.jpgI love it when money managers talk up their holdings, as Buffett did at his annual meeting. He talked about how stupid insurance companies were to offer guaranteed retirement products, but said that Wells Fargo should not be lumped into the same category as Citigroup. Financial stocks soard yesterday as a result. Oh, ahem, Buffett's Berkshire Hathaway owns Wells stock, which has almost tripled over the last two months.

"I would predict that Wells will be earning a lot more money ten years from now than it is now," says the Maestro.

Please or Register to post comments.

What's Von Aldo?

REP. Editor-in-Chief David Aldo Geracioti on the business of Wall Street from a free-market perspective.

Contributors

David Aldo Geracioti

Is the editor-in-chief of REP. magazine.  He is also a devotee of the Austrian School of Economics leading lights Ludwig von Mises, Friedrich von Hayek, Murry Rothbard and to other thinkers in...
Blog Archive
Investment Category Sponsor Links

 

Sponsored Introduction Continue on to (or wait seconds) ×