Three Lessons From Warren Buffett’s Investment In Wells Fargo

When investing, it’s important to get the question you’re trying to answer right. When I discuss investment opportunities that look particularly intriguing, I am not making the statement: “This is the cheapest price the stock will ever see.” I don’t attempt to answer that question because it’s something I never could get right—it involves predicting what *other people* will do at a particular point in time, and at best, it’s something that would never amount to more than speculation.

Instead, I try to answer this question: If I were to purchase the stock today, what would be the amount of profits that the company will be generating 10+ years from now, and then … Read the rest of this article!