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

Fired up to write it down. Co-founder and editor of AdPulp. Chief storyteller at Bonehook, a guide service and bait shop for brands.