Search This Blog

Wednesday, March 27, 2013

Berkshire to Pay Nothing to Be Among Top Goldman Sachs Holders


People who don't know any better believe that Warren Buffett is just a smart stock picker. Nothing could be further from the truth. He's very good at making deals that would make a loan shark blush if the loan shark was worth $50 billion.

Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) is poised to become one of Goldman Sachs Group Inc. (GS)’s largest shareholders without paying anything after the companies agreed on a plan to settle warrants granted at the height of the 2008 financial crisis.

No comments: