Thursday, April 12, 2012

No One Messes With Warren, Forget The Squid, Meet The Whale And More

Thursday, April 12, 2012
Warren Buffett always seems to be one step ahead.

Buffett, the billionaire CEO of Berkshire Hathaway, has recently come out looking like a major winner in Goldman Sachs' big loan sell-off of last year, according to The Wall Street Journal. Among the debts that Goldman unloaded in 2011 was about $85 million of loans in Lee Enterprises, an Iowa-based newspaper publisher.

If the reports are accurate, then the Lee loans represent another sneaky payoff for Buffett, who once famously counseled that investors should "try to be fearful when others are greedy and greedy only when others are fearful."
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