Bloomberg Market Magazine has a feature on Wells Fargo’s expansion into investment banking this month, and it’s prefaced with a fascinating anecdote on how Warren Buffet inspired the bank into the venture.
It was 2009, and Buffett’s Berkshire Hathaway—one of Wells Fargo’s biggest shareholders—had just announced they would purchase railroad operator Burlington Northern Santa Fe Corp.. To finance that deal, Berkshire had chosen JP Morgan.
These Are John Buckingham’s Stock Picks For 2021
The economy remains in distress, although there are signs of recovery underway. John Buckingham of Kovitz, editor of The Prudent Speculator newsletter, has found that value stocks typically outperform coming out of economic downturns. Thus, he argues that this is an excellent time to be a value investor. Q4 2020 hedge fund letters, conferences and Read More