Warren Buffet: The Man To See
BE THE CHANGE YOU WANT TO SEE!!
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It is more than the auto industry that needs a boost of cash. Many American and international firm do. But while the auto industry is unattractive for investors and must turn to the government, other private firms are having a hard time but run sound firms that just need a little extra help during the global slump. Those firms turn to the man from Omaha: Warren Buffet.
Mr. Buffet is, of course, know as the world's richest man due to his incredibly successful investment firm Berkshire Hathaway. Its stock price is in the tens of thousands.
Mr. Buffer was become the go-to-guy for private firms in need of credit. His investment does not only bring in much needed cash, but also provides a sign of confidence among the world's smartest investor that can be taken to Wall Street as proof that the company is still floating smoothly. Mr. Buffet's blessing is something all firms aspire to.
In the past several months, Buffet has given money to the following companies:
Swiss Re, an insurance company - $2.6 billion
Harley Davidson - $300 million
General Electric - $3 billion
Goldman Sachs - $5 billion
And, recently, Buffer was having something at Tiffany's. The famed jeweler reported that Buffet was bought $250 million of debt from the firm.
Buffer will be cleaning house with his investment. Because it is a buyers market, Buffer has been able to secure handsome returns. 10% a year returns from Tiffany, General Electric and Goldman; 12% for Swiss Re; and, finally, 15% for Harley Davidson.
Why is Buffet riding high while New York bankers are on government aid? Must be something in the air in Omaha.
