Hi, Ravi, Thanks for this. Coincidentally, I just sold my very few shares, this morning. Gained 33+%. I'm too busy to learn more about and to continue to monitor this company. I have no expertise in this area. Just Charlie, who I wanted to keep track of.
I also bought WFC when it was $22.00, since Charlie kept his shares. I am a copycat, sometimes. When there are certain other variables that line up, like Mr. Market and valuation levels going below rationality.
I think that Charlie Munger was always less critical of Wells Fargo than Warren Buffett, and he also seemed deterred by the tax implications of selling given Daily Journal's exposure to California taxes. It will be interesting to see how the portfolio evolves over time.
Hi, Ravi, Thanks for this. Coincidentally, I just sold my very few shares, this morning. Gained 33+%. I'm too busy to learn more about and to continue to monitor this company. I have no expertise in this area. Just Charlie, who I wanted to keep track of.
I also bought WFC when it was $22.00, since Charlie kept his shares. I am a copycat, sometimes. When there are certain other variables that line up, like Mr. Market and valuation levels going below rationality.
Best wishes, and Happy New Year!
Dang, over 40% of the stock portfolio in WFC? I thought WB and CM had given up on that bank after all the scandals.
I think that Charlie Munger was always less critical of Wells Fargo than Warren Buffett, and he also seemed deterred by the tax implications of selling given Daily Journal's exposure to California taxes. It will be interesting to see how the portfolio evolves over time.