From what has just been said, we understand what is meant by the terms Hope, Fear, Confidence, Despair, Joy, and Disappointment
The Federal Reserve has blessed the balance sheet of Goldman Sachs — paving the way for the investment bank to pay back the $5 billion investment that Warren Buffett made at the height of the financial crisis in 2008. (…)
In the darkest days of the financial crisis, Mr. Buffett agreed to invest $5 billion in Goldman Sachs, whose stock was suffering amid a general liquidity scare. The deal in September 2008 came at a hefty price, namely a 10 percent annual dividend that amounted to about $500 million.
At the time, Mr. Buffett also picked up warrants, giving Berkshire the right to buy $5 billion of stock with a strike price of $115. With Goldman stock currently trading at $160, Buffett’s profit on the warrants is around $2 billion.
{ NY Times | Continue reading }
For the first time, researchers prompted the very rich—people with fortunes in excess of $25 million—to speak candidly about their lives. The result is a suprising litany of anxieties: their sense of isolation, their worries about work and love, and most of all, their fears for their children.
photo { John Coplans }
