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by maxerickson
4494 days ago
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He took a bet on Goldman Sachs and got it right. I'm pretty sure Berkshire Hathaway would have walked away from $9 billion in losses. Not sure about 2009, but look here, they carry $30 billion in cash assets: http://finance.yahoo.com/q/bs?s=BRK-A+Balance+Sheet&annual It is hard to say how much of his success is due to his skill and how much of it is survivor bias (with him being the lucky lucky survivor). It's a neat issue. |
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