How does a company that’s had a sterling reputation since the California Gold Rush in the 1850s sully its image after more than a century and a half of prudent and profitable operations?
The answer in the case of Wells Fargo (NYSE: WFC), says Warren Buffett, is a combination of hubris and procrastination.
Warren Buffett, Chairman and CEO of Berkshire Hathaway. Image source: The Motley Fool.