Buffet Buys GS, Everybody Relieved, Bottom Now Past?

On the other hand GS gets to say Warren Buffett is a large investor. Not insignificant in turbulent times like these where confidence is at a premium. How valuable is Jobs to Apple? 20% of stock value? GS went up how much on the news of this?
 
Buffett joke...

Buffet is walking down the sidewalk when off to his side a woman is hit by a car. She lies bleeding with broken bones and unable to move.

Buffet walks over to her when he hears her cries for help...

Buffet says, "Sorry, the best I can do is lift your purse"...
 
hes old.. hes gonna spend his fortunes "saving others" for the rest of his life, even if he loses it all before he dies.. or rather, that's his plan.. it's his money and nobody elses, so he should be able to spend it
 
Quote from bbqbbq:

hes old.. hes gonna spend his fortunes "saving others" for the rest of his life, even if he loses it all before he dies.. or rather, that's his plan.. it's his money and nobody elses, so he should be able to spend it
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cogent analysis.
 
Quote from Adobian:GS is going down. Buffet is throwing a smoke bomb. He needs stabilization in the financial sector, so he throwing out a small amount of his pocket money to deceive people. This has nothing to do with GS fundamentals.
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Congrats on posting the dumbest remark in the entire thread.
 
Quote from Adobian:

GS is going down. Buffet is throwing a smoke bomb. He needs stabilization in the financial sector, so he throwing out a small amount of his pocket money to deceive people. This has nothing to do with GS fundamentals.
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I don't know what your evidence is for your statement, but my impression is that buffet does not operate that way. Clearly GS had a big problem, otherwise Buffet would not have gotten such a sweet deal with the warrants and all.

He's a long term investor and very patient.

It would seem the bottom for the market is well below current levels, but only a fool would try to guess when we might get there. We do have an election coming up you know. Remember to fill up your tank in mid-October. :D
 
Quote from bbqbbq:

hes old.. hes gonna spend his fortunes "saving others" for the rest of his life, even if he loses it all before he dies.. or rather, that's his plan.. it's his money and nobody elses, so he should be able to spend it
More...

Don't be silly. Did you think he wrote a check on his personal checking account? I'ts Berkshire's money, and he is not so irresponsible to do a deal unless he thinks it would be good for Berkshire in the long run.
 
Quote from cszulc:

Buying was orchestrated by the PPT and Fed of course.

We may rally to the 1320 as I expect, and possibly further, but we will revisit the lows and break them. IMO
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Agreed. Dow 7,000 awaits.
 
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