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His characterization was interesting, but I'm not sure if I agree. Since the crisis, Warren Buffet acquired 10% perpetual preferred stock of Goldman Sachs, inve
by allengoodman 16y ago
His characterization was interesting, but I'm not sure if I agree. Since the crisis, Warren Buffet acquired 10% perpetual preferred stock of Goldman Sachs, invested $2.6 billion into Swiss Re, and acquired Burlington Northern for $24 billion. Three deals, each of which was different in composition, cost, and market. Moreover, I suspect each will be success and none wholly initiated by a "certain earnings profile." Nonetheless, while I think the comparison is meaningless, the underlying logic is intellectually attractive.