Warren Buffet and Wells Fargo Company

Warren Buffett

Warren Buffett

Warren Buffett was on CNBC with Becky Quick and he said, “Our country will do fine even if we screw up”.  I wish we screwed up less by not embracing concepts that work only for the short term.

He also felt that President Obama is right for our current economy and I agree with him.

I figured from what he said that Wells Fargo Company would be a bank to consider investing in over the long term.  Its stock price is about $9 today.  I think it will fall more and I intend to buy, just because Warren Buffet said so.

I don’t like listening to the financial analysts that come on CNBC anymore.  But I will listen to Warren Buffet, any day, any time,  even on CNBC.

The only function of economic forecasting is to make astrology look respectable -John Kenneth Galbraith

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>