Acording to HuffPo Warren Buffett always seems to be one
step ahead. Buffett, the billionaire CEO
of Berkshire Hathaway, has recently come out looking like a major winner in
Goldman Sachs' big loan sell-off of last year, according to The Wall Street
Journal. Among the debts that Goldman unloaded in 2011 was about $85 million of
loans in Lee Enterprises, an Iowa-based newspaper publisher.
If the reports are accurate, then the Lee loans represent
another sneaky payoff for Buffett, who once famously counseled that investors
should "try to be fearful when others are greedy and greedy only when
others are fearful."
Goldman took about a $13 million loss on that sale,
according to the WSJ. And the buyer in that sale, reportedly a unit of
Berkshire Hathaway, has since cleaned up nicely…
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