WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Monday, October 12, 2009

Warren Buffett s GE Warrants Still Under Water One Year Later


Warren Buffett
's warrants to buy almost 135 million General Electric common shares are still worthless, as they have been for almost the entire time since Berkshire Hathaway's $3 billion investment in the company was announced exactly one year ago today. That's in sharp contrast to Buffett's Goldman Sachs warrants, now worth about $3 billion. But the primary motivation for both deals, a 10 percent annual return on a total of $8 billion in loans to the two company, is still paying off handsomely
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