Just announced after a volatile day on Wall Street, Warren Buffett will invest $5 billion in Goldman Sachs (GS).
According to The Wall Street Journal:
Berkshire Hathaway will have warrants to buy another $5 billion in common stock with a strike price of $115 a share, which are exercisable at any time for a five-year term. The [...]
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Buffett and Bogle
I was perusing the financial sector today and happen to notice that Goldman Sachs (GS), has been trading above $140.00/share for the past few weeks.
That’s quite an improvement from three to six months ago, when everyone thought the world was coming to an end, and Goldman Sachs was trading around $50-$60/share.
I’m sure it also happens [...]