This page has been archived and commenting is disabled.
Warren Buffett Favors Wells As The "Single Best Bank To Own": A Comparative Returns Analysis
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.
- 12025 reads
- Printer-friendly version
- Send to friend
- advertisements -




The gay old Oligarch from Omaha got Mung bunged again and is still pulling it together.
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!
PUMP AND DUMP BITCHEZ
"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 !"
http://3.bp.blogspot.com/_F-2ybd60FlE/Shv3bD25kLI/AAAAAAAAJSI/cpyICdETCh...
The Orifice of Omaha. Somehow, everytime he opens his mouth I vomit. He is so insufferable, yet the CNBC guys keep having his baby.
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?
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 | ZeroHedgeWarren Buffett's dad, Congressman Howard Buffett, on "Human Freedom Rests on Gold Redeemable Money":
www.businessinsider.com/howard-buffett-human-freedom-rests-on-gold-redeemable-money
"Octopus from Omaha"
Like The Squid, it has it's tentacles in everything supported by America's debt serfs.
What? Mr. Bailout Queen Buffett.
http://www.dailypaul.com/216738/warren-buffett-on-cnbc-id-buy-up-single-family-homes-if-i-could
Meredith Whitney is also bullish on WFC (the only major financial she likes really): guess Uncle Warren sent her a check as well.
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. )
When asked his view on stocks/equities, Buffett said "it's not spring time anymore."
Hmmm.
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).
How come Warren will only be interviewed by Becky?
Apparently Joe Kernan doesn't massage ye olde testes as well as Quick does.
On camera Becky is very professional, off camera she giggles like a horny teenage girl in the presence of Warren.
This just in.....gold still sucks.
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.
Buffett = Obama's Head Cheerleader...
Is that akin to a head nurse ? -- You know, the one with the dirty knees ?
Buffoon.
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.
We'll finish green today, across the board. Watch.
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.
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.
I'll take the other side of that bet ... it's a red letter day for the DOW/S&P
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.
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.
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.
Mr. Super Duper Quadruper A.
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.
In similar news...
Buffett prefers Becky Quick to Abbey Joseph Cohen, Janet Napolitano, & Christina Romer...
... and you don't? ...
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.
could be the name, BJ Quick
Get to the wagon!
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.
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.
Plot BRK vs GLD and you get the same result.
Barbaric!!!
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.
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.
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.
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.
SURE IF YOU LIKE INVESTING IN COMPANIES THAT DONT EVEN OWN PROPERTY AND STEAL FROM FAMILIES THRU FRAUDCLOSURES
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"
Harmon Law Criminals need to go to jail w/o passing Go
He tells us to buy WFC, but owns JPM in his "personal" account. Wasup widat?
He also owns just a wee bit of Bank of America if memory serves ... ;)
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.
"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.
This fucking Gold bashing by the Obama thugs is getting real old. I detset that old man, he is a fucking liar and a crook who lives off the goverment bailouts.
Warren the Welfare Ho...
I tried to setup an account at Wells Fargo and the experience was horrible. It is obvious that their branches and call centers are understaffed and underqualified. Horrible service.
Next time, LVCIVS CORNELIVS, consider doing business with your local credit union.
Ohhhhhhhhh
After glancing the headline, I thought Buffet preferred oil wells to gold.
Sorry, my bad.
The Anacle of Omaha. Excrescent.
Buffet is ready to sell his Wells Fargo stock because the market is about the crash........ He knows more than anyone.
I wonder what Mr. Buffet Sr. (his dad) would have to say about that? hint:
"Human Freedom Rests on Gold Redeemable Money"
By HON. HOWARD BUFFETT
U. S. Congressman from Nebraska http://www.fame.org/pdf/buffet3.pdf
Nice!!!!!!!
hmmm
+1... Excellent...
Intelligence skips a generation, stupidity doesn't...
See: Bush Sr/Jr and Senator's sons Dodd & Gore...
BRK's huge quarterly dividend shows how much better it is to own equities than non-interest bearing gold. What a complete hypocrite.
Buffy is Obama's financial lawn caddy ! Monedas 2012 Wells Fargo Livery Stable Boy
"The luckiest person being born in the world today is the baby being born in America ... Our future is just fantastic ..."
Holy shit, did he really just say that?
Apparently he didn't read "Extend And Pretend Coming to an End"
What a maroon...
Yes.
If that baby is born via the lucky sperm club (top 1%) i agree.
If that baby is born to the 80% of Yanks that will be the first American generation perhaps ever, that has lower living standards then their parents, then he is dead wrong.
This statement is all about the benchmark. Because Becky was to busy arranging her hair, she didn't ask the follow up question.
A 3 hour American propoganda break, brought to you by GE/Comcast.
Sad that he won't just fade away.............
Hmm, I guess Buffett is betting the Federal Reserve will not let Wells Fargo off life support either.
Could you in your wildest dreams think Buffet would talk badly about the economy or this administration? It's just not ever going to happen. He is a total and complete sellout to Americans who get up and go to work thinking they are playing on a level playing field. He is all that is wrong with this country right now. A well connected crony fascist opining like he is just been lucky.
what about all time?
The bank stocks topped in the fall of 2009, Wells Fargo in early 2010, and they've all been trending down ever since:
http://chartistfriendfrompittsburgh.blogspot.com/2012/02/weekly-charts-2012-02-25-bank-stocks.html
"The Enima from Omaha"
That uber-hip old fraudster...who the hell listens to that piece o' shit anyhoo.
Dear uncle fester...proclaming loudly that rich-o americans MUST pay their fair share, then takes, indirectly, 7 billion in government handouts...is a complete fraud!
Instead of that route, how about the "pervert of the plains" publically declare that no company held by BERKSHIRE HATHAWAY will accept ANY form of governmental support or bailouts...directly or indirectly. And that any company he holds a minority position in must adhere to that standard or BHK will divest any holdings immediately.
Let's see if the old codger from the "greatest generation" will do something meaningful....AFTER which he may offer his opinions on gold when he resides in the real world with the rest of us not receiving governmental insurance against loss.
"Warren Buffett Favors Wells.."
Warrens 'in' ...the top must be in ...stempede for the Exits, Warren's the bag holder (ditto trains, BoA, Tesco and the US President)
America's idol is paper and paste,
Liquid and green and soon debased.
Buys fools gold and old lies retold,
The once bold and now broken mold,
Warren's sold-silver tongue has bitter taste...
I hear that Warren has Rothschild blood....No...
Oh....It's just blue like theirs.
And they hang out......with Arne too
I am totally sick of seeing/hearing this senile buffoon say how great America is and banking stocks are a buy. This morning I heard him say: "kids being born in America right now will have a better life than John D Rockefeller had", I almost threw up my breakfast and had a heart attack.
He is just the outlier that has been flipping heads for 50 years... You can only flip heads so many times though and it looks like his luck may be running out:
http://finance.yahoo.com/news/sometimes-even-warren-buffett-gets-wrong-2...
The ultimate insider parading on the teevee like a man of the people...........so pathetic.........takes your breath away!
If Wells was such a great bank, why do they need to borrow hundreds of billions from the FED to stay afloat?
All the Primary dealer banks are bust and they continue to suck the taxpayers dry with their borrow from the FED at a quarter of one percent and then buy Treasuries and screw us out of $400 billion a year!
"The only conclusion we can make is that gold never benefited from taxpayer-funded cash infusions aka bailouts"
Actually...I think gold has benefited from every act of govt interference in markets for the last 100+ years...
Market interference Bitchez!
WB will always talk up stocks any chance he is given. His company has no short book.
BERKSHIRE HATHAWAY HAS BARELY BEEN ABLE TO KEEP UP WITH A SHORT TERM TREASURY FUND OVER THE PAST DECADE....
http://db.tt/0NemSgmfTrue, but that still puts him about 40% ahead of the average stock fund.
Is this really Lloyd Blankfeins chubby brother? Oy VEY!!!
The O'cackle from Omaha is reduced to stock pumping...
This old fuck just showed how stupid most
the babies born in Amerika over the last
seventy years are.
Pump this Warren (middle finger inserted), you
Crusty old fuckstick, look at the chart here
at ZH you Fn motard!
'would "do absolutely nothing for Warren trading book" if they were to buy gold instead of pooling their cash into the ponzi.'
-- but what of the money that is now in the hands of the gold seller? Are we saying that we just want gold price to rise rise rise to pool away money as a whole from the great ponzi? So the only way to attack the ponzi is to pay higher and higher amounts for gold?
so paying higher prices for gold is really 'doing God's(Tyler's) Work'?
FYI, motarded is more tarded than retarded.
Is this the same Warren Buffet that sits around playing bridge with the eugenics criminal Bill Gates discussing how they are going to inject an unsuspecting public with vaccines that sterilize them, that cause spontaneous abortions, and contain live cancer cells? Maybe it’s a different Warren Buffet. And Wells Fargo…isn’t that the bank that was convicted in federal court just last year (along with its Wachovia unit) for laundering 386 billion dollars in cocaine and heroin money? (And nobody goes to jail-Wachovia was even on record leasing the drug jets in its own name.) Maybe it’s a different Wells Fargo because the Wells Fargo I’m thinking of is one of the six banks that own the illicit Federal Reserve and function as a holding co./front for the ruling oligarchy.
"I would put a house in every pot if it was practical."
Warren, when you are done sulking in your hubris get me some fascist fries and blow! Don't act like you don't know what I'm talking about.
Warren Buffoon? He's still alive?
Tyler: At some point can we relegate this moron to Senile Cramer with a Rug irrelevance?
Whether you like ole Karl D or not, he led with this quote:
Banks Are the Victims
We all know the phony fuck owns butt loads of Wells...
So why not dismiss him as an irrelevant douche and ignore his bullshit... As a person who loves sarcasm and humor, this douche isn't even funny...
When there are still ample laughs to be had with Timmay, Bennie, Bullshit Barry and Jamie & Lloyd...
Gold is a classic bubble.. A bubble requires a good story coupled with a ton of liquidity. We have seenthis in Internet stocks and we have seen it in housing (they dont make any more land).. Since 2000, CPI indexs is up35% and gold is up 550%. Anyone pointing to past performance as a way to build a bullish thesis is deluding themselves. Price matters. Every classic "inflaiton hedge" is overpriced and inflation is not even here. We are still in a deflationary deleveraging environment. Gold chart is starting to look similar to what we saw in 2008 and with potential hard landing in China this is likely to be the first year wher gold finishes down
If the Gold chart is starting to look like it did in 2008, that is good news. Remember what happened to the price afterwards? The price since the lows of 2008 has gone up about 100%. Yeah, I want in on that again.
Bubble? Not even close.
It looks like it's time to add old Warren to "The List".
The Oracle doesn't know his Orifice from Omaha! Banks are the whipping boy of 2009 forward. Who in their right mind?