????5.富國銀行（Wells Fargo）

????年平均復合回報率：21%

????總回報率：9417%

????持有期：24年

????巴菲特是在1990年致股東的公開信中首次披露他在富國銀行（Wells Fargo）的2.9億美元投資。當時銀行股受儲蓄和貸款危機沖擊，巴菲特亮出他招牌式的投資策略，利用市場動蕩的機會買進了當時他能發現的最優質銀行股之一。巴菲特說，他自己有個規矩，通常不愛投資銀行類股【但他已經一次又一次地打破了這個規矩，第一次是富國銀行，近期的有美國銀行（Bank of America）和美國合眾銀行（US Bancorp）】，但當時富國銀行實在是太便宜了，不容錯過。

????這個決策非常明智。早在1990年，富國銀行市值為29億美元。它目前的市值為2750億美元。去年，富國銀行的收益超過了美國國內任何其他銀行。伯克希爾哈撒韋公司仍是富國銀行的第一大外部股東，而富國銀行也希望巴菲特和伯克希爾哈撒韋公司能長期持有其股權。近日，富國銀行的CEO 約翰?斯坦普夫在全美新聞記者俱樂部（National Press Club）發表講話時稱，他已經建議84歲的巴菲特削減鈉的攝入量。巴菲特有常年喝櫻桃可樂和吃牛排的飲食習慣。“當食物送到餐桌上時，沃倫一手抓一個鹽瓶，兩只瓶子齊刷刷地倒鹽，簡直是暴風雪的節奏。”斯坦普夫告訴聽眾稱：“我來自明尼蘇達州，我說那是暴風雪，就絕對算得上是。”

????5. Wells Fargo

????Annual average compounded return: 21%

????Total return: 9,417%

????Years held: 24

????Buffett first announced his $290 million investment in Wells Fargo WFC 1.20% in his 1990 annual letter to shareholders. Bank stocks were being battered by the savings and loan crisis, and Buffett characteristically took advantage of the market turmoil to buy into one of the highest quality banks he could find.

????Buffett said that, as a rule, he generally doesn't like to invest in banks (a rule that he has broken again and again, first with Wells but more recently with Bank of America BAC 0.76% and US Bancorp USB 1.09% ) but Wells was too much of a bargain to pass up.

????That was a good call. Back in 1990, Wells Fargo had a market capitalization of $2.9 billion. It is now worth $275 billion. Last year, it earned more money than any other bank in the country. Berkshire is still Wells Fargo's largest outside shareholder, and Wells would like Buffett and Berkshire to stick around. Recently, Wells Fargo's CEO John Stumpf told an audience at the National Press Club that he advised the 84-year-old Buffett, who classically subsists on a diet of Cherry Cokes and steak, to cut back on his sodium intake. “When the food comes, Warren grabs a salt shaker in his left hand and one in his right, and it’s a snowstorm," Stumpf told the crowd. "And I know a snowstorm when I see one because I’m from Minnesota.”