Wednesday, September 24, 2008
Warren Buffett Invests $5 Billion in Goldman Sachs
Warren Buffett apparently is a Free Advice reader. He has decided to invest $5 billion in Goldman Sachs, no doubt after reading my earlier blog post which contained the following analysis:
I heard a guy say on CNBC that it was crucial to save Goldman Sachs because it is a symbol of capitalism around the world. So that means no matter what, the Goldman shareholders know that they can't possibly go bankrupt or even get bought out, especially by a foreign buyer. They are untouchable now.
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