In an interview on CNN today, Warren Buffett mentioned that he is not planning to sell any of the 500 million shares of Wells Fargo (NYSE:WFC) owned by Berkshire Hathaway (NYSE:BRK.A, BRK.B), representing a 10% stake in WFC. Warren Buffett had previously been silent on this issue. The Wells Fargo scandal (opening accounts for customers without their knowledge) was revealed in late September.
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Gates Capital Management Reduces Risk After Rare Down Year [Exclusive]
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
