Warren Buffett Favors Wells As The "Single Best Bank To Own": A Comparative Returns Analysis

Tyler Durden's picture


Following on his latest bash session of gold from the weekend, when Warren Buffett dedicated a substantial portion of his annual letter to shareholders for the now routine and perfectly expected gold blasting, the Octogenarian of Omaha revealed to his faithful personal scribe Becky Quick that of all banks, he would recommend Wells Fargo as the single best bank to own. Naturally, as was previously lampooned by William Banzai, Americans, even those paying a 15% tax rate, would "do absolutely nothing for Warren trading book" if they were to buy gold instead of pooling their cash into the ponzi. As for buying WFC vs. gold, the chart below will show why the world is increasingly taking any proclamations from the man whose net worth was bailed out by the government, with humor more than serious consideration.Presenting the past decade's return of Wells Fargo and of gold. No commentary necessary.

And as a reminder, here is just why Buffett happens to be a big fan of bailouts, especially of Wells Fargo.

The only conclusion we can make is that gold never benefited from taxpayer-funded cash infusions aka bailouts.

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Mon, 02/27/2012 - 09:34 | 2200167 ArrestBobRubin
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The gay old Oligarch from Omaha got Mung bunged again and is still pulling it together.

Mon, 02/27/2012 - 09:48 | 2200213 maxmad
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The "Geritol from Omaha" is completely dilusional!!  How bout the Gold, Warren!!!  Don't worry Becky will wipe your arse!  Oops time for another bath, Warren!

Mon, 02/27/2012 - 10:31 | 2200316 Comay Mierda
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Mon, 02/27/2012 - 10:56 | 2200379 Don Birnam
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"You know, Becky, sitting here with you, you call to mind my father -- he always liked that old Cole Porter number, 'In olden days a glimpse of stocking, was looked on as something shocking. Now, Heaven knows, anything goes !' -- Aw, shucks ! But what he did he know, anyway ? Dad was for the gold standard !"


Mon, 02/27/2012 - 11:00 | 2200394 Thomas
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The Orifice of Omaha. Somehow, everytime he opens his mouth I vomit. He is so insufferable, yet the CNBC guys keep having his baby.

Mon, 02/27/2012 - 11:44 | 2200525 FMR Bankster
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Buffett's a sharp guy but where you stand depends on where you sit. Let's see, Warren's an 81 year old guy who turned nothing into $45 billion in net worth. The world fawns on him, politicians come to him for advice, business owners offer him special deals because they want to be associated with him. Think he's looking to change the system?

Mon, 02/27/2012 - 09:53 | 2200223 TruthInSunshine
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Warren 'Thanks for the taxpayer bailouts of the past 3 years or else I'd be down about 20 billion and exposed as the Crony Capitalist that I am to the bluehairs' Buffett should mainline a two liter of Cherry Coke whilst inserting a DQ Buster Bar up his own ass.

Warren 'Taxpayer Buffet' Buffett.


Warren's Billions Thank Uncle Sam For Bailing Them Out | ZeroHedge
Mon, 02/27/2012 - 09:55 | 2200229 MarketTruth
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Warren Buffett's dad, Congressman Howard Buffett, on "Human Freedom Rests on Gold Redeemable Money":


Mon, 02/27/2012 - 10:08 | 2200262 LowProfile
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"Octopus from Omaha"

Like The Squid, it has it's tentacles in everything supported by America's debt serfs.

Mon, 02/27/2012 - 09:53 | 2200225 slaughterer
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Meredith Whitney is also bullish on WFC (the only major financial she likes really): guess Uncle Warren sent her a check as well. 

Mon, 02/27/2012 - 10:04 | 2200254 slaughterer
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All technical indicators point to the market rolling over this week, and now they roll out this plutocratic mummy to keep it from doing so.  (A slight delay in operation robo-kill phase 2--that is all. )

Mon, 02/27/2012 - 11:30 | 2200478 TruthInSunshine
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When asked his view on stocks/equities, Buffett said "it's not spring time anymore."


Ole' crooked Warren just can't come to terms with uttering the words "ridiculously overpriced."


It's not spring time.


(If people can't see that Warren 'Derivatives are Weapons of Financial Destruction' Buffett, after getting deeply involved in the derivatives games only to be bailed out via Paulson/Geithner's bailout of AIG, is a piece of shit of foulest order, they deserve what they get listening to this smiling sociopath).

Mon, 02/27/2012 - 10:06 | 2200260 maxmad
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How come Warren will only be interviewed by Becky?

Mon, 02/27/2012 - 10:09 | 2200266 Moneyswirth
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Apparently Joe Kernan doesn't massage ye olde testes as well as Quick does. 

Mon, 02/27/2012 - 10:30 | 2200312 slaughterer
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On camera Becky is very professional, off camera she giggles like a horny teenage girl in the presence of Warren. 

Mon, 02/27/2012 - 09:35 | 2200168 GetZeeGold
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This just in.....gold still sucks.




Mon, 02/27/2012 - 09:42 | 2200186 JPM Hater001
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Lincoln Day Dinner season...couldnt find one person there who bought gold or silver in the last year.

Santorum won our meaningless strawpoll.

Ron Paul only beat out Chris Christy, Mitch Daniels, and Sarah Pahlin...each of whom got 1.  He got 11 and I brought 4 of them with me.

We need to work harder.

Mon, 02/27/2012 - 09:46 | 2200206 battle axe
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Buffett = Obama's Head  Cheerleader...

Mon, 02/27/2012 - 11:21 | 2200461 Jay Gould Esq.
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Is that akin to a head nurse ? -- You know, the one with the dirty knees ?

Mon, 02/27/2012 - 09:35 | 2200169 GeneMarchbanks
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Mon, 02/27/2012 - 09:35 | 2200170 PaperBear
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Warren Buffett is on CNBC right now and as he was talking gold/silver have ticked up, I just had to switch off the television set.

Mon, 02/27/2012 - 09:40 | 2200184 GeneMarchbanks
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We'll finish green today, across the board. Watch.

Mon, 02/27/2012 - 09:44 | 2200196 mayhem_korner
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Maybe, but even the green days are illusory now.  I consider equities "green" when they finish up, percentage-wise, relative to gold & oil.  Those "green" days have been rare and usually nullified within 24-48 hours.

Mon, 02/27/2012 - 09:57 | 2200236 GeneMarchbanks
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Illusory? Of course. But the real lesson from 2008 is, I think, any and all 'markets' can tank but equities can't have free falls because it takes much longer to get confidence back. Now, the risk is not a collapse but an absolute [nominal] take-off. Any drop from here will be managed with utmost control. Of course, retards like Tchir will be all I-told-you-so but it's self deception. In fact the entire thing is a based on people who love to deceive themselves.

Mon, 02/27/2012 - 09:50 | 2200219 bdc63
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I'll take the other side of that bet ... it's a red letter day for the DOW/S&P

Mon, 02/27/2012 - 09:36 | 2200172 Shizzmoney
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The only conclusion we can make is that gold never benefited from taxpayer-funded cash infusions.

Never mind the countless end of capital and volume the bank recieved from illegal gambling websites like Pokerstars and Full Tilt (The DOJ seized 30mil in poker players' accounts from Wells Fargo in 2008), as well as being one of the major cash houses for various Mexican and Columbian drug cartels.

Nothing like the Black Market to strengthen your balance sheet.

Mon, 02/27/2012 - 09:36 | 2200173 Dr. Engali
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Somebody needs to put that fossil out to pasture. Wells Fargo bought Wachovia who had purchased a California mortgage company called Golden West at the top of the market. Then Wachvioa started running that ridiculous pick a payment mortgage. As a result Wells Fargo has a ton of toxic mortgages. I'm surprised they held up this well. I suppose when you have the fed buying your crap you can.

Mon, 02/27/2012 - 09:52 | 2200175 bdc63
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I'm watching the interview live, and this characterization of what he actually said is a bit of a stretch.

I'm not a Buffett fan, but I don't think he needs any help from poetic license to look like even more of a buffoon either.

Mon, 02/27/2012 - 09:37 | 2200176 dwdollar
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Mr. Super Duper Quadruper A.

Mon, 02/27/2012 - 09:38 | 2200179 JPM Hater001
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Markets are suppose to let people fail so that the market can re-evaluate the situation and create a better paradigm to the reality...they kept that gift from our Kommrad.

Mon, 02/27/2012 - 09:38 | 2200180 francis_sawyer
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In similar news...

Buffett prefers Becky Quick to Abbey Joseph Cohen, Janet Napolitano, & Christina Romer...


Mon, 02/27/2012 - 09:42 | 2200190 bdc63
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... and you don't? ...

Mon, 02/27/2012 - 09:47 | 2200207 mayhem_korner
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In a post-nuclear sole-survivor scenario, if your choices came down to Janet Napolitano or Janet Reno, well...let's just hope you were looking at the flash.

Mon, 02/27/2012 - 10:20 | 2200291 solgundy
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could be the name,  BJ Quick

Mon, 02/27/2012 - 09:39 | 2200181 pepperspray
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Get to the wagon!

Mon, 02/27/2012 - 09:41 | 2200187 mayhem_korner
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Anyone who thinks Uncle Warren isn't on the take with the complex better get his/her head examined.  He's the ultimate poster child for telling the sheep to pour whatever remaining fiat they have down the toity.

Mon, 02/27/2012 - 09:42 | 2200188 Catullus
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Buying puts on WFC every time it goes above $30 has been my trade for like the past 2 years. It's such an easy trade.

Mon, 02/27/2012 - 09:43 | 2200195 JohnKozac
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Plot BRK vs GLD and you get the same result.



Mon, 02/27/2012 - 09:44 | 2200198 Just Observing
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Well, so far, he hasn't answered my emailed question:


WHY did you sell all your silver under 10 bucks when silver clearly had nowhere to go but up ?

I wasn't really expecting an answer.

Mon, 02/27/2012 - 09:44 | 2200200 Moneyswirth
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Meanwhile, this is crossing the headlines via CNBC:

Buffet: I'd Buy Up 'Millions' of Single Family Homes If I Could

I wonder how many people buy into this crap.  I'm sure there are millions of sheeple out there saying "Well, if Buffet says to buy real estate, I'm in..."

Poor saps.  They don't get it.  Buffet is part of the political oligarchy, and you're not. 

Mon, 02/27/2012 - 10:09 | 2200263 Shizzmoney
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This from the same guy, Buffett, who disowned a 21 year old adpoted daughter just because she participated in "The One Percent" documentary.

What a baby.

Mon, 02/27/2012 - 10:31 | 2200315 Gohn Galt
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Does anybody know if was successful in modifying the life insurance law so that he could make bets on who died?  I mean hedge against life settlements.

Mon, 02/27/2012 - 09:45 | 2200203 Seasmoke
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Mon, 02/27/2012 - 09:56 | 2200231 chunga
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50 Fight Club Lawyers...one from each state...filing a motion of objection to the 50 sock-puppet AG "settlement" based on Equal Protection under the Constitution.

Read this Buffet you "Octogenarian of Omaha"...lol. You suck.

Harmon Law Continues Jihad on Justice and the Conjured Corporate "Resolution"

Mon, 02/27/2012 - 14:12 | 2201010 AmericanBulldog77
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Harmon Law Criminals need to go to jail w/o passing Go

Mon, 02/27/2012 - 09:47 | 2200208 Savonarola
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He tells us to buy WFC, but owns JPM in his "personal" account. Wasup widat?

Mon, 02/27/2012 - 09:57 | 2200237 bdc63
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He also owns just a wee bit of Bank of America if memory serves ... ;)

Mon, 02/27/2012 - 09:46 | 2200209 the not so migh...
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I watched the interview it was boring and full of BS.  I was waiting for Becky to say" Warren before we continue can i suck you off??"   Buffet has those sneaky deviant eyes you know, he was thinking it too.


Mon, 02/27/2012 - 09:47 | 2200212 juggalo1
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"The only conclusion we can make is that gold never benefited from taxpayer-funded cash infusions aka bailouts."  Really?  It seems to me that gold benefitted immensely from the taxpayer-funded cash infusions.  Gold shot upwards and ever since then Glenn Beck and Roslyn Capital has been banging down my doors trying to sell.

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