2min chapter

Acquired cover image

Berkshire Hathaway Part III

Acquired

CHAPTER

Goldman Sacks vs Goldman Bank

Berkshire invests five billion dollars for preferred equity in gold with a ten % annual dividend. Berkshire got another five billion dollars of common stock warrants at a strike price of a hundred and 15 dollars a share. All told, on that deal, berkshire ends up making about three billion dollars. So they get about eight billion dollars back on the five billion dollars that they invested.

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