"Wells Fargo is a company that proved the efficacy of incentives, and it's just that they just had the wrong incentives," said Buffett. Wells Fargo investors last week gave strong backing to the bank's directors and executives on Tuesday, indicating confidence in its overhauled leadership to rebound. Buffett, for instance, suggested US President Donald Trump should be an "educator-in-chief" on the invisible benefits of trade. Outside the convention centre, Berkshire shareholders lined up for prime seats in the middle of the night. As Buffett gazed over a BNSF model railroad, a wall of media and shareholders, some holding Buffett figurines, crowded around him as he inched along.

Source: bd News24 May 05, 2018 18:00 UTC