Green Time

Monday, October 7, 2013

Buffett's Crisis-Lending Haul Reaches $10 Billion

Buffett's Crisis-Lending Haul Reaches $10 Billion

Billionaire Warren Buffett tossed lifelines to a handful of blue-chip companies during the financial crisis. Five years later the payoff on those deals is becoming clear: $10 billion and counting.
Mr. Buffett approached that figure after he collected another hefty payment last week, bringing to nearly 40% the pretax income on his crisis-era investments, according to a Wall Street Journal analysis.
The bounty is a vivid illustration of one of Mr. Buffett's favorite investing maxims: "Be fearful when others are greedy, and be greedy when others are fearful."




Link: http://www.valueinvestingworld.com/2013/10/buffetts-crisis-lending-haul-reaches-10.html 


 

Graham and Doddsville Newsletter


Monday, October 7, 2013

Graham and Doddsville Newsletter – Fall 2013

Found via ValueWalk.