Results tagged “berkshirehathaway”

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?