Buffet is a genius, I really admire the dude...He loaned Goldman Sachs $5b at an interest rate of 10% meaning the due gets 500m per year...Then negotiated the opportunity to buy GS stock worth 5b at $110 per share. The following day GS was selling at $130, making the dude 900m in one day...
After GS was sued it lost 20% value, Buffet lost 20% but the price dropped to only 135/- meaning buffet still had his 1b profit intact....Now GS settled the case and paid 550m fine...stock shot up to 150/- winner buffet....remember he has not paid a penny on the rights...clever dude
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...