HEY NICK....here we go....

[Michael Larson]

Warren Buffett Buys More Wells Fargo

At the recent Berkshire Hathaway (BRK) shareholder meeting, Warren Buffett said that Wells Fargo (WFC) was so healthy, he'd put his entire net worth into the stock if he could.
Well, he's not going that far, but he did boost his stake in the bank during Q1:
Bloomberg: Buffett’s firm, the largest shareholder in San Francisco- based Wells Fargo, increased its stake in the bank


Read more: http://www.businessinsider.com/warre...#ixzz0xTj6f200

How's that workin' ?

[Aubrey J. Kahn]

Liberals, once their minds are made up you cannot confuse them with facts.

[Joseph Burkeson, CMI]

Originally Posted by mlarson

Warren Buffett Buys More Wells Fargo


How's that workin' ?

Guys like Buffet are normally early, they see things others don't and get in before the bottom is in. He's probably buying more, dollar-cost-averaging on the dips, to Warren a good stock is something you never sell.

[dquigley]

Originally Posted by jburkeson1

to Warren a good stock is something you never sell.

and something you never split.

[Nick Gromicko]

Dollar cost averaging is the dumbest idea ever dreamed up.

[Michael Larson]

Originally Posted by gromicko

Dollar cost averaging is the dumbest idea ever dreamed up.

In a generally rising market when you don't have the time to actively manage your account it tends to prevent you from paying to much (on average) for an asset.

So it's a good strategy for many or at least it once was.

[Joseph Burkeson, CMI]

Originally Posted by gromicko

Dollar cost averaging is the dumbest idea ever dreamed up.

It is the one of the ways someone like Buffet can move money into and out of trades without moving markets.