The Oracle of Omaha turns 79 today, but he’s not slowing down. Though an economy like this one hurts everyone, Buffett’s done quite well following his own oft-repeated advice: “Be fearful when others are greedy and greedy when others are fearful.” Case in point: In September, when the wheels were really coming off this economy, Buffett dodged the thousands jumping ship at Goldman Sachs to climb aboard the listing investment bank. To date, that deal has turned a $2 billion profit on paper. Two days after that Goldman investment, he took a stake in China’s BYD, a battery maker pushing into the electric vehicle business. Chalk up another $1 billion for Buffett; BYD has increased in value five-fold since last fall.
August 30
Warren Buffet's 79th Birthday
Omaha
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Related Stories: | Topics:Management, FC Calendar, warren buffett, BYD, Goldman Sachs, finance, oracle of omaha, Warren Buffett, Omaha, Oracle Corporation, Goldman Sachs Group Inc. |
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Recent Comments | 1 Total
November 30, 2009 at 1:14pm by Howard Carl
The guy is just uncanny ... and fearless. He thinks long term and buys based on value nomatter what. He just keeps producing and likely will continue to do so as long as he is healthy. Belated happy birthday and kudos to him. porsche fan