American Banker 3/1/13: The Oracle of Omaha, whose Berkshire Hathaway conglomerate owns the biggest stake in both companies, says he’s likely to buy more of their shares in the future. “Mae West had it right: ‘Too much of a good thing can be wonderful,’” Buffett wrote in a letter to shareholders published Friday. Buffett upped his stakes in both companies last year. Berkshire bought additional shares of Wells Fargo in 2012 that increased its ownership of the nation’s fourth-biggest bank by assets to 8.7% as of Dec. 31, up from 7.6% a year earlier.
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Source: Paymentspulse

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