Berkshire Hathaway Annual Meeting 2019
Berkshire Hathaway Inc is Wells Fargo & Co’s largest shareholder, on Saturday signaled no shift in his support for the bank despite several scandals it has faced. “Wells made some big mistakes,” Buffett said. “When you find a problem, you have to do something about it. I think that’s probably where they made a mistake.”
“I don’t think people ought to go to jail for honest errors of judgment,” 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’t about selling news.“The things that are essentially news is what you don't know that you want to know.