Wells Fargo is a Third Strike to Buffett’s “Wholesome” Image

Rupert Hargreaves

Published onSeptember 23, 2016

Updated on May 14, 2021

Wells Fargo Company (NYSE:WFC) Guest post from Jonathan Rochford, CFA, Portfolio Manager, Narrow Road Capital Pty Ltd.

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Warren Buffett is famous for his “front page of the newspaper test”. In a recent interview with Bloomberg he described this as not doing anything that he would be embarrassed to have written up on the front page of the newspaper. In order to encourage ethics over profits he tells his managers “lose money for the firm and I will be understanding; lose a shred of reputation for the firm and I will be ruthless”. However, three recent incidents have brought Buffett to the front page of the newspaper, damaging his...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Wells Fargo is a Third Strike to Buffett’s “Wholesome” Image

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