The parallel of CFC early last year with WFC when Buffet looked at it was striking. The result, of course, was very different. The one difference is Mozilo's sale of more than $100 million of his own stocks.
One difference between Buffet and his mentor, Benjamin Graham, is that Buffet puts a lot of effort in knowing the management. An investor with only street name registration can hardly have the same access. It is always wise to assume the worst intention from them.
Disclaimer: I have never been lied to by any executive or politicians. Never, ever.
One difference between Buffet and his mentor, Benjamin Graham, is that Buffet puts a lot of effort in knowing the management. An investor with only street name registration can hardly have the same access. It is always wise to assume the worst intention from them.
Disclaimer: I have never been lied to by any executive or politicians. Never, ever.
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