OMAHA, Neb. (Reuters) - Warren Buffett, the chairman of Berkshire Hathaway Inc, on Saturday criticized Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal.
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Recently made headlines for doubling down on Apple and Delta Airlines by upping his stakes in both
Last year's attendance fell to about 37,000 from more than 40,000 a year earlier
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He informs that Berkshire's Apple stake was now worth about $17 bn, amounting to 133 mn shares
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Mr. Buffett doesn't quibble with what is onscreen. "It's really an accurate portrayal," he said
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Buffett said Berkshire later invested in Southwest, and was disclosing that stake to avoid misleading investors
Buffett added $6.2 billion to his fortune this week
He said market system works in aggregate and doesn't work for everybody
His Berkshire Hathaway had almost $85 billion on its books as of September 30, according to a regulatory filing late Friday
Buffett said he was being audited by the Internal Revenue Service, but had "no problem" releasing his tax information
The deal is expected to be completed in the third quarter of 2017, pending regulatory and customer approvals