Warren Buffett Stands Behind Kraft Heinz And Wells Fargo

Credit: Wochit
Published on May 4, 2019 - Duration: 00:35s

Warren Buffett Stands Behind Kraft Heinz And Wells Fargo

Warren Buffet stands behind Kraft Heinz Co and Wells Fargo & Co, two of the largest investments at his company, Berkshire Hathaway Inc.

Although both companies have made mistakes that caused investors to be unhappy with them, Buffet defends them.

Kraft Heinz recently faced a $3 billion writedown on its 26.7 percent stake.

They took this hit because they were unable to keep up with changing consumer tastes.

Wells Fargo has also faced some issues related to mistreating its customers.

Buffet refers to those problems as mistakes that are being addressed after their identification.

Advertisement

You are here

Recent related videos from verified sources

Three Signs That You Might be Overpaying for a Stock 01:43
Credit: The Street - Published on June 25, 2019 

You might like