The gift that doesn't keep on giving...
Back in 2008, when our economy was in the midst of its nose dive, Warren Buffet stepped in and gave Goldman Sachs a shot in the arm with a $5 billion "investment" in the "bank holding company." At the time, Buffet was quoted in the Guardian as saying: : "Five years from now, ten years from now, we will look back at this period and we will say you could have made some extraordinary buys. "The American economy over a period of time will do very well, and people that own a piece of it will do very well." At that time, he also praised Goldman Sachs for being "an exceptional institution" with an "unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance." Back then, Buffet's investment boosted confidence in the markets and calmed the markets. Today, Buffet has proved to be right about the "extraordinary buys" to be had...