Buffett to Invest $5 Billion in Goldman

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Buffett to Invest $5 Billion in Goldman

Has Warren Buffett just called the bottom of the market?  His stunning $5 billion investment in Goldman Sachs and recent reports that he may be buying more shares of Wells Fargo at a time the financial markets are in turmoil suggests that he has.  It reflects “one of the biggest expressions of confidence in the financial system since the credit crisis intensified early this month.” according to the Wall Street Journal.  

Berkshire Hathaway’s $5 billion investment in Goldman may put the firm on a sounder footing, but Warren Buffett once again got a sweet deal.   Characteristically, Mr. Buffett’s investment gives him an attractive income stream, downside protection and the strong chance of big gains.
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By | 2017-05-04T04:07:14+00:00 September 24th, 2008|Goldman Sachs, Warren Buffett|0 Comments

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Michael is Managing Partner & CEO of No World Borders, a leading health care management and IT consulting firm. He leads a team that provides Cybersecurity best practices for healthcare clients, ICD-10 Consulting, Meaningful Use of Electronic Health Records. He advises legal teams as an expert witness in HIPAA Privacy and Security, medical coding and billing and usual and customary cost of care, the Affordable Care Act and benefits enrollment, white collar crime, False Claims Act, Anti-Kickback, Stark Law, Insurance Fraud, payor-provider disputes, and consults to venture capital and private equity firms on mHealth, Cloud Computing in Healthcare, and Software as a Service. He advises self-insured employers on cost of care and regulations. Arrigo was recently retained by the U.S. Department of Justice (DOJ) regarding a significant false claims act investigation. He has provided opinions on over $1 billion in health care claims and due diligence on over $4 billion in healthcare mergers and acquisitions. Education: UC Irvine - Economics and Computer Science, University of Southern California - Business, Stanford Medical School - Biomedical Informatics, Harvard Law School - Bioethics.
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