The Oracle of Omaha’s Blessing (And Cash) Come In Handy

Today’s a good day to be Goldman Sachs.
Warren Buffett, the wisest investor in Stock Market history, just gave the firm a vote of confidence like no other. Nothing talks like money, and Buffet’s firm, Berkshire Hathaway, just put $5 billion on the table.
Buffett says Goldman Sachs is an exceptional institution. “It has an unrivalled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance,” he says.
No doubt, Goldman Sachs is also a good buy for Buffett. He doesn’t overpay for companies.
The news comes a day after fellow investment bank Morgan Stanley announced an $8 billion deal with Mitsubishi UFJ Financial Group, which will see the Japanese bank take an up to 20 per cent stake in Morgan.
[via National Business Review]

About David Burn

Native Nebraskan seeking the perfect pale ale in the Pacific Northwest. Disc golfer. Fan of Kurt Vonnegut, community radio and wolves in the wild. Copywriter and brand strategist at Bonehook. Co-founder and editor of AdPulp.