Buffett Says He’ll Retain Goldman Warrants in Wager on Bank
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Warren Buffett, who invested $5 billion in Goldman Sachs Group Inc. at the depths of the financial crisis, said he plans to retain warrants in the bank in a bet its shares will increase.
“We will keep them very close to their expiration,” Buffett said yesterday at a press conference in Omaha, Nebraska, where his Berkshire Hathaway Inc. is based. “At some point, we’re likely to exercise the warrants.”