all you can eat BUFFET!. . .Warren Buffet invests $5 billion in Goldman Sachs. . .

[NewtonMP2100]

. . .sign of confidence. . .


Buffett Deal at Goldman Is Seen as a Sign of Confidence

. . .Warren E. Buffett, the country’s most famous investor and one of the world’s richest men, announced on Tuesday that he would invest $5 billion in Goldman Sachs, the embattled Wall Street titan, in a move that could bolster confidence in the financial markets.

Until now, Mr. Buffett, who has navigated the stock market with legendary prowess, has largely refrained from investing in the stricken financial industry, saying repeatedly that things could get worse.

Thousands of people on and off Wall Street follow Mr. Buffett’s moves, so his decision to invest in Goldman immediately heartened investors. After falling nearly 1.6 percent during the day, the Standard & Poor’s 500-stock index erased half its loss in after-hours trading Tuesday evening on news of the investment. . .


RESCUE 911. . .

[john dough]

He invested 5 Billion. With his money, 5 million would not be terribly newsworthy.

[ztirffritz]

It was actually Berkshire Hathaway's money, but just the same more or less. He owns something like 30% of BH.

[Carnos Jax]

Hmm...Goldman Sachs is a part owner of my company and Berkshire Hathaway owns our biggest customer (NetJets, which used to be owned by Richard Santulli, a former principal with Goldman Sachs, who now remains on as CEO I think).

[Seacrest]

[blooz]

Hey, I live close to the Berkshires. Any realtionship there?
He can bail me out too.
I'm cheap.
500 thou tops, I'd settle for 300.
Keeping blooz going is worth at least that much.

[JoeH]

I grew up in the Berkshires, no Hathaway there I recall being related to Buffet. I can dream though...