Gothamist: Berkshire Hathaway to Invest $5 Billion in Goldman Sachs

Snoopy

Wed, 24 Sep 2008 10:02:49 -0500

And here I was thinking they had a sale on shirts at Costco at their Pittsfield Mass store.

zodak

Wed, 24 Sep 2008 09:36:25 -0500

i mis-read the headline & expected pictures of ann hathaway on vacation in massachusettes. oops.

babyhitler

Wed, 24 Sep 2008 08:43:06 -0500

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%.

NannyState

Wed, 24 Sep 2008 08:40:22 -0500

#1, Charlotte is the financial capital. Omaha remains the home of Omaha Steaks.

Mr Mel

Wed, 24 Sep 2008 08:20:17 -0500

He's an icon, very hard to put the knock on. He knows what he's doing, and I trust him.

Jerky

Wed, 24 Sep 2008 06:28:19 -0500

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.

joeb

Wed, 24 Sep 2008 04:52:13 -0500

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.

babyhitler

Tue, 23 Sep 2008 20:51:13 -0500

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.

blablanyc

Tue, 23 Sep 2008 19:58:54 -0500

The deal will pay dividends to Mr. Buffett in cheeseburgers and Coca-Cola.

jterry121

Tue, 23 Sep 2008 19:29:38 -0500

Looks like Omaha Nebraska is the new Financial Capital of America