Tuesday, October 26, 2010

Warren Forgets Who Owes Whom $5.6 Billion But No One Has Asked for it Back (BRK.B; GS)

From Fox Business News:
Buffett: 'Sad Day' When Goldman Unwinds Stake
Billionaire investorWarren Buffett said Monday it will be a "sad day” when Goldman Sachs (GS: 157.32 ,-0.48 ,-0.30%) unwinds his $5 billion stake in the big investment bank made during the height of the financial crisis in 2008, and he is waiting on the firm to give him notice that one of his most profitable investments has run its course, the FOX Business Network has learned.
“I have not received a call yet from Goldman telling me they want their money back,” Buffett told FOX Business’ Liz Claman. "They’ll call when they can, and it’ll be a sad day,” he said with a laugh, because it was so profitable to his own shareholders....MORE