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Oct 20 12:06 pm
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All Comments by You Guys are whack jobs »Here I Go, Criticizing Warren Buffett [View article]
There is still a cost to the capital that is raised for a common offering.
Did anyone force GS or GE to have Buffett as a funding source? I don't think so. Those 2 institutions used his name and the implied continual BRK backing in order to get their lending back up to snuff. If other institutions know BRK is in with GE and GS, they will feel safer to lend. How much is that worth?
Now, to go on saying he's ruthless is crazy. He is responsible to BRK shareholders, not GS or GE. I guess you should buy BRK.
Why don't you concern yourself with calculating what the common offering costs the companies vs. what the Buffett offering costs?