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Buffett Feasts off Mr. Market’s buffet

In Articles on August 17, 2011 at 4:04 pm

The market seems jittery. As I have noted in my previous piece on Bank of America (BAC), the caveat is the obvious gloomy macroeconomic backdrop we are witnessing now. Buffet on the other hand seems to be on a buying spree, particularly on August 8’s precipitous decline, where he upped his stake in Wells Fargo & Co. (WFC). The legendary investor opined, “Banks, facing tighter regulation, can still be plenty profitable.”

Read more here Buffett Feasts off Mr. Market’s buffet

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