Buffet just made about 800 million dollars for a few minutes work

peilthetraveler

peilthetraveler

He is getting warrents to buy 5 billion dollars of GS common stock with a strike price of 115. With after hours trading hitting 133.50 per share, that means he is up about 800+ million dollars already. Every time GS moves 1 penny, thats $434k he makes or loses. Must be nice to be able to make a billion dollars in one day huh?

Opps...as i was writing this, he just made another 20 million. Stock is up to 134 now.
 
Quote from mschey:

Paper profit, he always gets a first day pop, then within a few weeks, he's under water!
More...

If one of the richest men in the world is underwater, what does that mean about us? That would mean we are about 100 miles under the deepest part of the ocean floor.



Dang...he just made another 32 million now! Now his total profit for the day for GS is 858,695,652 (and 17 cents...you know how he counts every last penny)

And anyway...every billionaires wealth is pretty much paper profit. Nobody sits on a billion dollars of cash (except maybe warren)
 
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