Goldman Sachs Group Inc (NYSE:GS) agreed to a $5 billion deal with Business magnate Warren Buffett’s Berkshire Hathaway during the financial crisis back in 2008. At the times when many feared that the financial institutions were going down, Buffett made an interesting decision of investing in Goldman Sachs Group Inc (NYSE:GS). That turned out to be a master stroke, which has yielded Berkshire Hathaway a lot of gain. Jonathan Marino reported on ‘TheStreet’ about the story.
Goldman Sachs Group Inc (NYSE:GS) hasn’t surged up heavily in 2014, during which the stock price has gone up by only 7%, but that doesn’t concern Warren Buffett, as his investment in the banking company in 2008 has already paid off.
Goldman Sachs Group Inc (NYSE:GS) has had four beats in a row in addition to the 7% gain in 2014. The company is also expected to pile up on revenues through various streams like M&A’s and potential IPO’s.
“It’s (Goldman Sachs) also separately said to IPO [..] along with D. E. Shaw that will make it millions more. […] Isn’t showing signs of slowing down, heading into European ABS business and according to one of the report, also has plans to buy ETF provider, Index IQ. With four beats behind it Goldman is going to head into the New Year and going to be making new gains for Buffett,” Marino reported.
Marino mentioned that Goldman Sachs Group Inc (NYSE:GS) has a lot of items on the plate to grow and make money in the future. Some of them include potential IPO along with D.E. Shaw and venture into European markets as ETF provider. Goldman Sachs Group Inc (NYSE:GS) is heading into 2015 with a lot of opportunities in hand and might add a lot more to Warren Buffett’s $110 billion portfolio. Warren Buffett tops the list for most successful investors in the world today.
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