No. of Recommendations: 6
"Buffett fans like myself will not be happy to see that the concentrated selling in Q2-3-4 of 2020 almost perfectly nailed the worst prices for Wells in a decade, and that the price has more than doubled since then, substantialy better than ... ahem... BAC or Citi. "
The main reason Buffett sold WFC is he didn't like the new leadership, working remotely in NYC rather than in San Francisco, not paying a visit or even a phone call to the largest shareholder, moving away from some traditional businesses (such as mortgage, wealth management) and into investment banking, and blaming all on going problems on previous leaderships and collecting huge paychecks in the meantime.
