John Barrette

Carson Perspective: Berkshire Hathaway lifelines aid major players, profit Omaha’s oracle

Billionaire Warren Buffett profitably rescues major players when they get caught short. Last week he boldly consolidated a lucrative post-recession holding that resulted. The Oracle of Omaha’s conglomerate, Berkshire Hathaway, took an altered stake in Goldman Sachs, the mega-investment bank he helped rescue from potential problems after Lehman Brothers went bankrupt in 2008 and the not-so-great Great Recession ramped up. Goldman, then teetering on the brink of an abyss along with others, turned to Buffet and his billions. Fast forward to the present. Buffett’s nifty move garnered him 2 percent of Goldman Sachs’ stock. The Wall Street Journal nailed the …

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The Nevada Appeal Updated Jul 30, 2013 12:35PM Published Mar 31, 2013 01:37AM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.