INSUBCONTINENT EXCLUSIVE:
Authors: Super UserWarren Buffett, legendary investor and Chairman and CEO of Berkshire Hathaway, says his company will continue to figure
times (up 302 per cent) in last 15 years
The scrip rallied to $2,92,600 as of May 4, 2018 from $72,800 on May 5, 2003
The stock, however, underperformed Nasdaq 100 index during this period
thought we couldn't use capital effectively, we would try to figure out the most effective way to return capital to shareholders
business, we should get it out
We won't always be in a world of low-interest rates or high private-market prices
January last year, Wells Fargo shares have plunged 6.50 per cent till May 4, 2018.
"Wells Fargo is a company that proved the efficacy of
incentives, and it's just that they just had the wrong incentives
The fact that you are going to have problems at some large institutions is not unique
I see no reason why Wells Fargo as a company going forward is in any way inferior to the other big banks with which it competes
We have a large unrealised gain in the stock
I like it as an investment
The CEO is correcting mistakes made by other people," Buffett said.
The billionaire investor answered questions from shareholders,
journalists and analysts at Berkshire's annual meeting in Omaha, Nebraska, for close to five hours at the AGM.
