The Mudcat Café TM
Thread #114650 Message #2449037
Posted By: Ebbie
24-Sep-08 - 12:47 PM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
I listened to Warren Buffet, a man I usually admire, give his rationale for buying $5 billion of Goldman Sachs. He said that in his investments he looks for brains, and that there is no better firm than GS.
He also said that he is betting that the "government will do the rational thing and act promptly" in its bailout. He said that if he didn't believe that, he wouldn't be buying "this week", instead he might be looking to divest himself of some things.
What say you?