Video: Buffett’s Latest Big Deal: 10 Million Shares of Goldman at No Cost

“It’s good to be the king, it’s even better to be Warren Buffet.”

[Buffet] plans to exchange warrants for 43.5 million Goldman Sachs (GS) shares that he received in a 2008 deal made during the financial crisis for 10 million shares of Goldman at no cost. That’s worth $1.47 billion at Goldman’s current price and it’s in addition to the 10% dividend Buffett’s been collecting all along on the original stake.

Well it looks like Warren and the Rockefellers are now partners, probably have been all along. Seems like they came through the “collapse” okay, whaddaya know!

http://finance.yahoo.com/blogs/daily-ticker/buffett-latest-big-deal-10-million-shares-goldman-145417728.html

 

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