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Well, if it's good enough for Warren Buffett... The Oracle from Omaha's company announced it will invest $5 billion into Goldman Sachs, the investment bank-turned-bank holding company. The Wall Street Journal reports, "In addition to the $5 billion from Berkshire Hathaway, which comes in the form of perpetual preferred shares, Goldman will raise at least $2.5 billion in common equity in a public offering." Goldman chairman Lloyd Blankfein said, "We are pleased that... Warren Buffett, arguably the world's most admired and successful investor, has decided to make such a significant investment in Goldman Sachs," while Buffett called the firm "exceptional," "It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance.” Will this be the boost of confidence investors need?
Berkshire Hathaway to Invest $5 Billion in Goldman Sachs
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Does anyone at Gothamist actually cover New York? Seriously, the New York Public Library has made a
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Looks like Omaha Nebraska is the new Financial Capital of America
The deal will pay dividends to Mr. Buffett in cheeseburgers and Coca-Cola.
buffet is the cheapest man in america. I don't get why he needs billions when he spends less than ten thousand a year and he's a senior citizen. hopefully goldman tanks and buffet finally loses his touch.
That's the beauty of Warren Buffett. He's not en emotional investor. He doesn't do it out of greed... it's a profession, period. And that's why he's good.
Buffett is getting 10% interest on $5billion of perpetual preferred stock. That's pretty much of a no-brainer if you think the business is viable.
He's an icon, very hard to put the knock on. He knows what he's doing, and I trust him.
#1, Charlotte is the financial capital. Omaha remains the home of Omaha Steaks.
My favorite thing about buffet is that he "repeatedly criticized the financial industry for what he considers to be a proliferation of advisers who add no value but are compensated based on the volume of business transactions which they facilitate. He has pointed to the growing volume of stock trades as evidence that an ever-greater proportion of investors' gains are going to brokers and other middlemen." - and then last week happened. I always knew it was stupid for those fucknut analysts to be getting paid six figures plus bonuses for just telling people to invest in something. a study found that most anlaysts have an average of 48% being right. less than a coin flip. that means if you were to invest using a coin you'd beat an analyst by 2%.
i mis-read the headline & expected pictures of ann hathaway on vacation in massachusettes. oops.
And here I was thinking they had a sale on shirts at Costco at their Pittsfield Mass store.