metal27

Does Warren Buffett Think Goldman Is More Creditworthy Than GE?

Buffet's GS and GE investments seem to combine equal parts of opportunism, value hunting, and an ability to create value simply by endorsing strong institutions in trouble, all at a very cash high return to him. Now i know why he has been sitting on that growing pile of cash for all those years!

Does Warren Buffett Think Goldman Is More Creditworthy Than GE?

Following the announcement, CNBC interviewed Buffet, who was on his airplane, which he said is powered by GE engines that were performing faultlessly! Buffet strongly endorsed GE, stated he believed the "bailout" will pass, and mentioned GS had brought him the GE deal.

Maybe it's time to buy BRK again.

Buffett's Big Bet: The Real Value of the Berkshire Investment in Goldman Sachs

Buffet is now putting $3B into GE, which is also issuing an additional $12B in common, in a deal similar to his GS deal, and which he says GS brought him, according to his interview today on CNBC.