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Thanks for the downvote but see this for example: http://www.wallstreetmanna.com/2009/11/warren-buffett-loves-bailed-out-wall.html http://www.wallstreetmanna.c

Thanks for the downvote but see this for example: http://www.wallstreetmanna.com/2009/11/warren-buffett-loves-bailed-out-wall.html http://www.wallstreetmanna.com/2009/11/warren-buffett-loves-... or this: http://truthingold.blogspot.com/2011/08/think-buffet-investment-in-bac-is.html http://truthingold.blogspot.com/2011/08/think-buffet-investm...

maxerickson 13y ago
He took a bet on Goldman Sachs and got it right. I'm pretty sure Berkshire Hathaway would have walked away from $9 billion in losses. Not sure about 2009, but look here, they carry $30 billion in cash assets: http://finance.yahoo.com/q/bs?s=BRK-A+Balance+Sheet&annual http://finance.yahoo.com/q/bs?s=BRK-A+Balance+Sheet&annual It is hard to say how much of his success is due to his skill and how much of it is survivor bias (with him being the lucky lucky survivor). It's a neat issue.