Friday, July 24, 2009

Buffett's Investment in Goldman Sachs

"We're getting almost $1,000 a minute on preferred stock investments, so I try not to answer the phone if I think Goldman's calling. Every instinct in my body tells me that we will want to hold those warrants until they're very close to their expiration date. The preferred pays us the dividend and the warrants are going to make us the money."

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