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kirkydu (93.84)

Warren Buffett : J.P. Morgan

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August 25, 2011 – Comments (4) | RELATED TICKERS: BAC , SPY

The day will come when the comparison of Warren Buffett's investment in American companies the past few years will be compared to J.P. Morgan's saving the banking industry a long time ago.  Both actions provided support that helped confidence and mitigate economic problems which could spiral out of control. 

And yes, in the long run, the investments will pay off handsomely, possibly for Buffett's successor, but handsomly none the less.

Those who deride Buffett for his tax stance will also come around, as he is right about that too.

http://dealbook.nytimes.com/2011/08/25/buffett-to-invest-5-billion-in-bank-of-america/

http://abcnews.go.com/Politics/warren-buffett-raise-taxes-wealthy-friends/story?id=14307993 

4 Comments – Post Your Own

#1) On August 25, 2011 at 10:43 AM, TheDumbMoney (53.33) wrote:

too true

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#2) On August 25, 2011 at 11:08 AM, davejh23 (< 20) wrote:

Did Buffett already use his GS options?  The S&P was around this level when Buffett made the GS investment.  The market fell ~40% over the following 6 months. 

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#3) On August 25, 2011 at 11:10 AM, kirkydu (93.84) wrote:

@dave

not sure your point, however, when you are collecting 10% on your investment, what you worry about "the market"

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#4) On August 25, 2011 at 11:11 AM, kirkydu (93.84) wrote:

GS paid Buffett back earlier this year btw, I believe he still has warrants

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