Warren Buffett

Senators Call For Labor Dept Probe Into Wells Fargo As Warren Buffett Vows To Keep Silent Until After Election

That did not take long. Just hours after a CNN report suggested that Wells Fargo was retaliating, and firing, company whistleblowers who had spoken out against the company's illegal "account creation" practices (while blaming them of being "tardy"), moments ago Reuters reported that Senators have asked the Labor Department to investigate Wells Fargo for potential violations of Fair Labor Standards

Wells Fargo Probed By Feds Over Sales Tactics

As a result of the ongoing "massive" customer fraud scandal at Wells Fargo, which culminated not with prison time for anyone but with a $125 million bonus for the executive who oversaw the criminal practice,  life for CEO John Stumpf, who as reported yesterday lost the top market cap spot for a US bank to JPM, just got more complicated, because not only is he set to testify in Congress in a few days, but as Dow Jones reports the Feds are now involved.

Bob Farrell's (Illustrated) 10-Investment Rules

Regardless of how many times we discuss these issues, quote successful investors, or warn of the dangers – the response from both individuals and investment professionals is always the same... “I am a long term, fundamental value, investor.  So these rules don’t really apply to me.” No, you’re not. Yes, they do. Individuals are long term investors only as long as the markets are rising.

Supervisor Of "Massive Fraud" At Wells Fargo Leaves Bank With $125 Million Bonus

Carrie Tolstedt, the Wells Fargo executive who was in charge of the unit where employees engaged in "massive fraud"and opened more than 2 million unauthorized customer accounts, a routine practice that employees internally referred to as “sandbagging”, is leaving the giant bank with an enormous pay day, some $125 million.

Diversify At Your Own Risk

If one is to hedge with Treasury securities, they must also consider what happens if yields do not decline during a market correction. What if “safe-haven” securities traditionally used for hedging purposes were to lose 5% to 10% or even 20% or more?

Fewest Stocks Traded In 32 Years - The Market Is Disappearing In One Giant Leveraged Buyout

It's easy to find critics and doomsayers who predict that the next stock market crash is just around the corner. They could be right, but another possibility is that the stock market itself will disappear entirely. The number of common stocks traded on major U.S. exchanges are the fewest in three decades. This is the end game of unfettered capitalism. The signs are all here.

Bubbles And Elevators: From FONC To F##K!

Volumes have been written on behavioral finance and the seemingly “irrational” decisions investors tend to make to avoid straying from the herd. This article examines a current example coined “FOMO” (fear of missing out), in today’s texting parlance. Through a better understanding of the psychological dynamics of bubble mentality, we hope to help investment managers better grasp the complex role they must play when their concern for poor expected returns and higher levels of risk  are pitted against their client’s fear of not keeping pace with the market.

What Hedge Funds Bought And Sold In Q2: The Full 13-F Summary

Today is the deadline for hedge funds to submit their Q2 13-F filings. Among the more notable changes was the previously reported 55% increase in Warren Buffett's Apple shares, offset by the cut in his Wal-Mart stake; Elliott's addition to stakes in security firms Qualys, Fortinet, CyberArk; ValueAct's new stakes in Morgan Stanley, Seagate; Tiger's exit of Netflix; Jana addition of Time Inc, and Soros' cut of his gold miner positions.