The Goldman like Warren Buffett

 The Goldman like Warren Buffett

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Goldman Sachs spoke Warren Buffett on Thursday from Sun Valley while attending the Allen & Company conference. 

Omaha indicated would be exercising his right to buy $5 billion in Goldman stock in 2013; he was awarded in 2008 extended a $5 billion life-line to the ailing investment bank. 

Buffett also Goldman Sachs CEO Lloyd Blankfein to remain as the top dog at the vampire squid.

Buffett will continue to benefit from his $5 billion investment in Goldman Sachs during the financial crisis.  

Warrants with a strike price of $115 per share to be exercised a five year term. The Oracle of Omaha said “we’ll wait till the last month or two, before their [2013] expiration.”

With Goldman stock trading around $135, Buffett’s Berkshire Hathaway’s option would be worth about $900 million today. 

“I’ve seen nothing to indicate [he’s quitting] myself, and I don’t want him to,” explained Buffett.

The world’s former richest man, currently third behind Carlos Slim Helu and Bill Gates, spoke about social media and confessed to make of multi-billion valuations being slapped on to tech and online start-ups.