Buffett has been known to invest during difficult periods for the market, famously buying a stake in Goldman Sachs during the financial crisis and in Bank of America when that bank ran into trouble a few years later.
Here is history on Buffett's involvement with banks and current holdings in his investment portfolio.1989, building an eventual $32-billion stake, but exited that stake in the first quarter of 2022 amid a series of scandals for the bank.in September 2008 at the height of the global financial crisis in a vote of confidence for the Wall Street bank.
The investment gave Berkshire preferred stock that paid a 10% along with warrants to pay $5 billion for 43.5 million Goldman shares at $115 each.in August 2011, when investors feared that the bank could run short of capital because of losses from litigation and its mortgage business following the disastrous acquisition of Countrywide Financial Corp.
That investment gave Berkshire preferred stock with a 6% dividend and warrants to pay $5 billion for 700 million Bank of America shares at $7.14 each; Berkshire later made a $11.5 billion profit on that investment in 2017, not including the dividend payouts.U.S.-listed banks and financial services companies as of Dec.Bank of New York Mellon Corp is listed as trustee under an automatic shelf registration that allows Berkshire to periodically sell debt securities.. It has an agreement with the U.
Berkshire has financial services investments in other countries. They include stakes in Brazilian digital lender Nubank, whose U.S.-listed shares are known as Nu Holdings, and more than 5% stakes in five Japanese trading houses: Itochu Corp
DO YOU KNOW THAT HE MAKE NOTHING IN HIS BUSINESS THAT HELPS PEOPLE?
He looks more like a figure head! Probably has a team of number crunchers making the decisions. He’s got to be in his 80’s!
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