Mutual Savings

Wesco Financial Annual Letter 2008

“All that now remains outside Wes-FIC but within Wesco as a consequence of Wesco's former involvement with Mutual Savings, Wesco's long-held savings and loan subsidiary”

1988 Berkshire Hathaway Shareholder Letter

“our subsidiaries engaged in finance-type operations, which are Mutual Savings and Scott Fetzer Financial”

Blue Chip Stamps Annual Letter 1982

“Mutual Savings has continued to earn a modest amount of operating income despite having a substantial borrowed-short, lent-long position, including a fixed-rate mortgage portfolio”

Blue Chip Stamps Annual Letter 1982

“At Mutual Savings we were too blind for too long, exactly as Hardin would have predicted, but like the rest of the savings and loan industry we started coping better with reality”

Blue Chip Stamps Annual Letter 1982

“What Mutual Savings has left is a less-than-mediocre business in terms of the return it earns on the capital it employs”

Blue Chip Stamps Annual Letter 1982

“Blue Chip's acquisition of a large interest in Mutual Savings. In last year's letter we reported that we expected Mutual Savings to pay no dividend”

Blue Chip Stamps Annual Letter 1980

“The sale of Mutual Savings' branch offices closed December 1,1980, after all regulatory approvals had been obtained”

Blue Chip Stamps Annual Letter 1980

“Only Mutual Savings, which is barred by law from owning most common stocks, has significant holdings of preferred stocks.”

Blue Chip Stamps Annual Letter 1980

“five constituent businesses instead of one. In order of acquisition they are: (1) trading stamps and other promotional services, (2) See's Candy Shops, Incorporated, (3) Mutual Savings”

Blue Chip Stamps Annual Letter 1978

“increased operating earnings in Wesco's savings and loan association subsidiary, Mutual Savings, headquartered in Pasadena, California”