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WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Tuesday, December 29, 2009
Berkshire Hathaway stock BRK.A has risen 83% over the decade
17% of SmartMoney readers voted Warren Buffett as person of the decade putting him in the second place after Apple's Steve Jobs :
Second place fell to value investor Warren Buffett, with 17% of the vote. Faith in the Oracle of Omaha definitely paid off for investors holding shares of Buffett’s pricey Berkshire Hathaway (BRK.A: 98521.99*, -8.01, 0.00%) stock. The share price has risen 83% over the decade, surpassing $98,000 per share and surviving a strong dip when the financial crisis hit. Buffett has also made some wise moves during the crisis, including his $5 billion investment in Goldman Sachs (GS: 163.51*, -0.25, -0.15%). Buffett acquired warrants and preferred stock in Goldman that pay a 10% dividend. He also received warrants to buy $5 billion more in common stock at $115 a share — a deal that far surpassed the benefits of the U.S. government’s TARP investment in the investment bank.
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