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Dheeraj Grover
Dheeraj Grover
Articles (493) 

Ex-CEO of Wells Fargo Richard Kovacevich Discusses Fiscal Cliff Deal: Nothing Has Been Done

January 04, 2013 | About:

One of the companies Warren Buffett has admired and put lot of his investing dollars into is Wells Fargo (NYSE:WFC). The prime reason beyond WFC being cheap that Buffett's building such a huge position in WFC is his appreciation for its management. Buffett has always admired Wells Fargo's management for its shareholder friendliness. Here is the video of Wells Fargo's Ex-CEO Richard Kovacevich reacting to the Fiscal Cliff deal. He explains in very layman terms the fiscal situation of the U.S. and if this fiscal deal has achieved something in reining in the deficit. His conclusion: "Nothing has been done." He said, "I'm stunned and shocked that basically, nothing has been done." He also said the current tax deal shows "our country is going to hell."

Credit and source: www.cnbc.com, CNBC

Here is the video:

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About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 4.3/5 (3 votes)


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GuruFocus has detected 4 Warning Signs with Wells Fargo & Co $WFC.
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