“An investment operation is one, which, upon thorough analysis,
promises safety of principal and a satisfactory return. Operations
not meeting these requirements are speculative.” - Benjamin Graham
Sunday, January 23, 2011
Wells Fargo's CEO On Taking Market Share, Repurchase Risk
It pays to listen to your quarterly conference calls. When Wells Fargo(NYSE: WFC) held its fourth-quarter presentation on Wednesday, CEO John Stumpf offered two golden pieces of news to his patient followers. . . .