Berkshire Hathaway Annual Meeting 2019
Berkshire Hathaway Inc is Wells Fargo & Co\u2019s largest shareholder, on Saturday signaled no shift in his support for the bank despite several scandals it has faced. \u201cWells made some big mistakes,\u201d Buffett said. \u201cWhen you find a problem, you have to do something about it. I think that\u2019s probably where they made a mistake.\u201d
\u201cI don\u2019t think people ought to go to jail for honest errors of judgment,\u201d Charlie Munger(a pipe dream)
Since 1965, Buffett has run Berkshire Hathaway, which owns over 60 companies, like Geico and Dairy Queen, plus minority stakes in Apple, Coca-Cola, among others. He holds a net worth of $82.5 billion, and has vowed to give away nearly all of it. Yahoo
Buffett sees the once bullish trend for newspapers as turned.To understand why he thinks this, it helps to understand why he believed newspapers worked in the first place. In short, selling newspapers wasn\u2019t about selling news.\u201cThe things that are essentially news is what you don't know that you want to know.