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There is also a column on this month's Kiplinger's, calling bullish on Wells Fargo. I believe it was written before Buffet disclosed his increased stake.
 

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Warren Buffett is the most successful investor in modern history. Often called the “Oracle of Omaha” because of his incredible ability to achieve amazing gains in the stock market, he is the world’s wealthiest money manager and investor.
Berkshire Hathaway is Buffett’s investment vehicle. Since he took control of the company and became CEO, it has consistently outperformed the S&P 500. Berkshire has had a compounded annual gain of 21.4% versus 10.4% for the S&P 500 since 1965. The cumulative result is a whopping 361,156% gain for Berkshire versus 6,479% for the S&P 500.The chart below, put together by Joseph B. Casey, shows what a dollar invested in Berkshire stock looked like at the end of 2006, compared to a dollar invested in the S&P. It’s an amazing story.

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First, the straightforward: Buffett increased his stakes in Wells Fargo and US Bancorp in the first quarter. The buys are consistent with Buffett's bullish comments about both banks during Berkshire's annual meeting in early May.

http://cosmos.bcst.yahoo.com/up/fop/embedflv/swf/fop_wrapper.swf?id=13527346

Disclaimer: My wife and I are looking forward to hyper-inflation.
If you want some good commentary on high inflation, read Warren Buffett's reports (letter to shareholders) from the early 1980's, available on his website. He describes the effect of inflation on a business and how it interferes with its ability to deploy capital, and the effect it has on total shareholder return (best described as walking up a down escalator).
Good articles.
 
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