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What’s the Oracle of Omaha Thinking?
Is Goldman Sachs Truly a Value Investment?
You’ve probably heard that the man considered to be the best investor on the planet, Warren Buffett, has decided to invest $5 billion in Goldman Sachs Group Inc (NYSE: GS) in the form of preferred stock and also warrants to buy another $5 billion in common stock.
If he exercises those warrants he would own as much as 10% of the company. So is this another of his renowned shrewd investments? After all, the “Oracle of Omaha” is legendary for being the chairman and CEO of Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B), a conglomerate holding…
26Sep2008 | Oxbury Research | Comments Off | ContinuedIf the Fed Keeps Swimming Against the Tide, it Will End up Drowning
If there’s one lesson you can take away from this financial crisis, it’s this: Whenever the U.S. Federal Reserve squares off against the financial markets, it ends up as the loser.
In recent weeks, I’ve written several articles suggesting that the credit crisis isn’t over and detailed the three indicators that led me to this conclusion – despite what the politicians, the pundits and all the other so-called “experts” would have you believe.
Now, there’s a fourth.
It should come as no surprise that there’s more distressed debt trading right now than at any other point in history – nearly $184 billion worth.…
18Sep2008 | Money Morning | Comments Off | Continued
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