Friday, March 18, 2011

Why Warren Buffett loves Wells Fargo

The bank sticks to its knitting: banking.

"Our business is really pretty simple if you can operate a four function calculator and understand the concepts of compound interest and present value, if you kept those basics, and then if you have any modicum of common sense." 

-- Timothy J Sloan, CFO, Wells Fargo, quoted in this week's Bloomberg Business Week