Warren Buffett News: Smartest Move Ever Made, Wells Fargo & Co (WFC), Chetan Parikh & More

While Leftists Rail Against Koch Brothers’ Newspaper Plans, Warren Buffett Buys ‘Worst Newspaper In Virginia’ (NewsBusters)
While leftists hyperventilate at the thought that the conservative Koch brothers might buy the Los Angeles Times, liberal financier Warren “Please Raise My Taxes” Buffett has bought another newspaper in Virginia, the Roanoke Times, the 29th daily newspaper owned by Buffett’s BH Media. (He owns another 40 papers that are less than daily.) One reason liberals aren’t upset is that the Roanoke paper has been slashed by conservatives as a liberal rag. Virginia GOP gubernatorial candidate Ken Cuccinelli has been blunt. It seems there’s a newspaper in the state that’s worse for Republicans than The Washington Post. On the Laura Ingraham show, Cuccinelli said the Roanoke Times was “the worst newspaper in Virginia.”

Wells Fargo Is Long on the American Dream (DailyFinance)
Have you heard what the CEO of Warren Buffett’s favorite bank is saying about the housing market? Its more than just words; it’s where the bank is putting its money, too! Wells Fargo & Co (NYSE:WFC) CEO John Stumpf has been making the media rounds of late, with the housing market on his mind. Stumpf leaves no question about his viewpoint on the subject; Stumpf, and by extension Wells, think that U.S. housing is back. …This quote puts Wells Fargo & Co (NYSE:WFC)’s view on housing in no uncertain terms. And Wells Fargo & Co (NYSE:WFC)’ financial statements back up that sentiment. Wells’ biggest business is mortgage lending, contributing 26% of total non-interest income in the first quarter. That was the sixth consecutive quarter of mortgage production greater than $100 billion.

3 Reasons to Sell Berkshire Hathaway Stock (DailyFinance)
I’m going to attempt something a little odd today, Fools. Even though Berkshire Hathaway Inc. (NYSE:BRK.A) stock makes up 3.7% of my real-life holdings, I’m going to be giving you three reasons to consider selling the stock today. Why am I doing this? Recently, Nobel Prize winner Daniel Kahneman visited Fool headquarters in Virginia. While visiting, he talked about how a number of different biases can lead us to believe we can predict the future with relative certainty. In reality, he argued, we are just deluding ourselves. It got me to thinking about how I don’t write enough about the risks of owning the stocks I own. So, though I don’t plan on selling my Berkshire Hathaway Inc. (NYSE:BRK.A) stock anytime soon, I think it’s healthy for me to practice and model this behavior.