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.
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