Berkshire Paper Gain on Goldman Warrants Temporarily Erased
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Berkshire Hathaway Inc.’s paper profits on Goldman Sachs Group Inc. warrants were temporarily erased by a decline in the bank’s shares. Goldman Sachs recovered and closed higher for the day in New York trading.
Goldman Sachs rose $5.07, or 4.3 percent, to $122.73 at 4:01 p.m. on the New York Stock Exchange. Earlier today, New York-based Goldman Sachs fell to $111.60, its lowest since April 2009 and below the $115 strike price for Berkshire’s warrants.