September 23, 2008, in the midst of the historical crisis in the U.S. financial markets, Warren Buffett's Berkshire Hathaway invested $ 5 billion in Goldman Sachs. Goldman CEO Lloyd Blankfein director, said: "We are pleased that given our longstanding relationship, Warren Buffett, perhaps the world's most admired and successful investor, has decided to make such a significant investment in Goldman Sachs". He added that the deal "will further enhance our strong capitalization and liquidity position," Buffett said the decision "a strong validation of our client franchise and future prospects." For his part, Buffett called Goldman "exceptional institution" with "... unrivaled global franchise, proven and deep management team and the intellectual and financial capital to continue its track record of advancing. "This case provides an opportunity to evaluate the solution Goldman to raise capital, the cost of investment firm Buffett, Warren Buffett and the decision to make the investment, only the context of a deep crisis in the market, which can be changed in the usual figures for such decisions. "Hide
by Clayton Rose, David Lane Source: Harvard Business School 22 pages. Publication Date: May 27, 2009. Prod. #: 309069 - PDF-ENG
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