4 ms·
It's actually both. He's also able to buy whole business cheaper than what they'd go for in an auction. And he gets access to deals that allow him to leverage h
by mathattack 9y ago
It's actually both. He's also able to buy whole business cheaper than what they'd go for in an auction. And he gets access to deals that allow him to leverage his brand name. (Example: Goldman Sachs https://qz.com/67052/heres-how-warren-buffett-made-3-1-billion-on-his-crisis-era-bet-on-goldman-sachs/ https://qz.com/67052/heres-how-warren-buffett-made-3-1-billi...)
- Nokinside 9y agoGS investment was prime example of Buffet having money when others don't during crisis. Money was tight, others tried to stay liquid and hoard cash. Only the government and Buffet were there with large amounts of money to spend.