Oct 1, 2008

Warren Buffett on his decision to invest $5 billion in Goldman Sachs

In this case, there's no better firm on Wall Street. The price was right, the terms were right, the people were right and I decided to write a check.

~ Warren Buffett, as appeared on CNBC, September 24, 2008

(Buffett is investing $5 billion in convertible preferred stock, entitling him to warrants on an additional $5 billion in stock at a strike price of $115 per share. Shares of Goldman jumped $3.39, or 2.7%, to $128.44 on the news.)

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