Sep 24, 2008

Charles Dumas on Warren Buffett's $5 billion convertible preferred investment in Goldman Sachs

Buffett's move into Goldman supports our view that stocks finally offer good value. This is more powerful than Paulson's bazooka: people who think the U.S. needs a renewed free flow of credit are part of the problem, not the solution.

~ Charles Dumas, analyst at Lombard Street Research in London, "U.S. stock futures higher on Buffett's Goldman buy," MarketWatch, September 24, 2008

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