22 Jun 2015 The Superinvestors of Daily Journal Corporation ( Portfolio )

They decided to invest it in Wells Fargo stock, selling at $8 a share in the dregs of the financial crisis. Why Wells Fargo? “It was too cheap,” explains Munger. I have been unable to conclusively disprove the rumor that this decision took place over a bridge game with Guerin at the L.A. Country Club.