> Warren Buffett Blog: Buffett owns 2.1 percent of Goldman Sachs

Thursday, March 13, 2014

Buffett owns 2.1 percent of Goldman Sachs

When Berkshire Hathaway reported its holdings, it showed that Berkshire now owns 2.1% of Goldman Sachs. This shows Buffett's belief and confidence in Goldman.

This transaction dates back a few years though to the height of the 2008 financial crisis when GS asked the Oracle of Omaha to invest $5 billion. GS needed money to shore up its books after Lehman failed