SocialPicks Monitor new  |    Stock Idea Community
SocialPicks
   Sign Up   |   Log In   |   What is SocialPicks?     
Free Stock Picks by Top Performers
SocialPicks is a community where stock investors exchange ideas and track performance of financial bloggers.
Top_member_photos
Get free stock picks and email alerts daily
 
Are you a stock guru?

1 pt

American Express or Wells Fargo, What Did Buffett Buy?

 Aug 25, 2008 11:08 AM UTC
Return Risk
-21.37% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
AXP n/a
WFC n/a

Graphic_arrow1 Via Todd Sullivan's ValuePlays:  

After Buffett teased the investing world Friday saying he bought more of either Wells Fargo (WFC) or American Express, folks are speculating as to which one he bought. I was under the impression Buffett and Bekshire (BRK.a) had virtually tapped out their ability to buy more American Express (AXP) shares.

After buying 13% of the outstanding total, in 1995 Buffett agreed to the following in a letter to the Chairman Harvey Golub. The letter said Berkshire would not:

(1) acquire or retain...



Continued at Todd Sullivan's ValuePlays






Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment



ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 22.30 +48.71% 175
2 20.02 +46.30% 57
3 17.43 +18.91% 7
4 16.71 +44.07% 211
5 14.41 +14.95% 7


POPULAR STOCKS
Symbol Company Name Sentiment

TODAY'S HEADLINES

TODAY'S TOP PICKS

 
American Express Company (AXP)
   SocialPicks Sentiment:   

   This Quarter's Sentiment:
All:
57.0%
Top:
16.0%

Wells Fargo & Company (WFC)
   SocialPicks Sentiment:   

   This Quarter's Sentiment:
All:
66.0%
Top:
45.0%




TODAY'S HEADLINES





IN THE PRESS
Press_forbes Press_washingtonpost Press_wsj Press_npr Press_techcrunch