Wallace Weitz on Finding Value Today, Wells Fargo and the Euro Crisis

Value guru, Wallace Weitz was on CNBC recently talking about finding value in these volatile markets. He thinks it it is important between macro conditions and valuable stocks. However Weitz does think the European crisis should continue for a while.

The only bank he owns is Wells Fargo. It has been a holding of his since the 1980s. He thinks Wachovia was a good acquisition by Wells, and thinks that the Wells can earn $4 per share, which would give it a pe of 6.

He discusses some of his top holdings in the video, below is a list from http://www.gurufocus.com:

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david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasIt has not just been rough year for David Einhorn's own fund. Einhorn's Greenlight Masters fund of hedge funds was down 3% net for the first half of 2020, matching the S&P 500's return for those six months. In his August letter to investors, which was reviewed by ValueWalk, the Greenlight Masters team noted that Read More

Ticker Company Industry Shares Value ($1000) % Weighting as of
Share # Change
from Last Period
Trade Impact to Portfolio (%) Wallace Weitz on Finding Value Today, Wells Fargo and the Euro Crisis
Holding History
AON AON Corp. others 2,383,886 122,293 5.4138% +1.96% +0.1% History
LINTA Liberty Media Corp. Series A Media 7,188,310 120,548 5.3366% -3.44% -0.19% History
MSFT Microsoft Corp. Software & Computer Services 4,485,129 116,613 5.1624% -5.94% -0.33% History
DELL Dell Inc. Technology Hardware & Equipment 6,213,079 103,572 4.5851% -4.81% -0.21% History
WFC Wells Fargo & Co. Banks 3,544,150 99,449 4.4025% New Buy +4.4025% History
RWT Redwood Trust Inc. Financial Services 6,485,904 98,067 4.3414% +3.1% +0.13% History
LBTYK Liberty Global Inc. Series C Media 2,286,517 97,634 4.3222% +1.14% +0.05% History
BRK.B Berkshire Hathaway B Insurance 1,186,488 91,822 4.0649% +13.37% +0.48% History
TXN Texas Instruments Inc. Technology Hardware & Equipment 2,584,100 84,836 3.7556% +1.8% +0.07% History
COP ConocoPhillips Oil & Gas Producers 1,056,360 79,428 3.5162% +0.15% +0.01% History
GOOG Google Inc. Software & Computer Services 140,465 71,129 3.1488% +36.45% +0.84% History

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