> Warren Buffett Blog: Berkshire increases investments in Goldman Sachs

Thursday, August 30, 2018

Berkshire increases investments in Goldman Sachs

Berkshire has increased its ownership of shares in Goldman Sachs by 21 percent according to a recent SEC filing.

Berkshire added to Goldman in the second quarter of 2018 as the stock had fallen nearly 10 percent. Goldman recently announced that Lloyd Blankfein, its CEO for the last 12 years, will step down from that role in September and retire at the end of the year, to be succeeded by David Solomon.

The company first made its first bet on Goldman Sachs in 2008 after the collapse of Lehman Brothers.