Why I would buy Berkshire Hathaway stock

Discussion in 'Stock Market' started by Chris, Mar 22, 2011.

  1. Chris
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    Chris Gold Member

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    Goldman Sachs in moving to pay off an expensive 2008 investment from Warren E. Buffett, has officially put one of the most difficult periods in its history behind it. The Federal Reserve on Friday blessed the balance sheet of the Wall Street firm, paving the way for it to pay back the $5 billion investment, made during the darkest days of the financial crisis.
    The deal was a lifeline for Goldman — but it came at a hefty price, namely a 10 percent annual dividend that amounted to about $500 million a year.

    Goldman’s payoff means that Mr. Buffett will get his principal back and a $500 million bonus because the firm is paying back the investment early. It was due to expire in 2013. He will also receive dividends earned in recent months for a total payment of $5.64 billion.
    Still, he stood to make much more without an early redemption. Indeed, Mr. Buffett often joked that should Goldman call to let him know it wanted to pay off the investment early, he would dodge the call.

    In total, the investment netted the billionaire investor $1.7 billion, or roughly $190,000 a day.

    Goldman to Pay Back Warren Buffett - NYTimes.com
     
  2. Mr. H.
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    Mr. H. Diamond Member

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    If you have that kind of dough to invest, hats off to ya.

    Didn't Buffet recently return several billions of dollars to his investors?
     
  3. mnbasketball
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    mnbasketball Member

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    I'll just buy HDY and take my chances. Up around 150,000 over the last couple of years on a 100,000 investment.
    can't really expect to buy many shares of BH stock.
     
  4. xsited1
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    xsited1 Agent P

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    It's a good time to buy. One share costs $127,415. That's down $361 from yesterday. If I were you, I'd buy at least 100 shares.
     
  5. Chris
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    Chris Gold Member

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    You can buy class B shares for $84 a share.
     
  6. Chris
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    Chris Gold Member

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    And just think, Buffett started with nothing, and now he is worth $50 billion.
     
  7. The Rabbi
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    The Rabbi Diamond Member

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    He obviously exploited workng class people and cheated the government.

    In truth Buffet is coasting on reputation. His results over the last 15 years have frankly sucked.
    BRK.A Berkshire Hathaway Inc. A Stock Performance of Total and Trailing Returns
     
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  8. editec
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    editec Mr. Forgot-it-All

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    Warren was the scion of a four time US Congressman, so it wasn't like he started out with nothing.

    But he didn't start our as a millionaire like the young Trump did, for example.

    He made his living by as salesman and stockbroker and eventually as a investor with multiple partnerships in various investments.

    He became a millionaire in 1962 and a billionaire by 1990.

    That's a pretty damned impressive run of good choices bolstered by good fortune, in my opinion.

    He's the kind of wealthy person who most lefties, however leaning left most of them are, can admire.
     
    Last edited: May 1, 2011
  9. The Rabbi
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    The Rabbi Diamond Member

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    He obviously exploited the masses and refused to pay back to the system.
    The Left likes him only because on national matters he is an idiot and a half, always wanting to see taxes go up.
     
  10. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    What does that mean? That the US taxpayer is on the hook for that bailout? :confused:
     

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