Last Friday, the Federal Reserve gave Goldman Sachs the greenlight to buy back the $5 billion of preferred stock Berkshire Hathaway bought when things got dicey in 2008. Though he knew the day was coming, Buffett was not looking forward to the news, as the terms of the investment were highly favorable for the Oracle of O, netting him more than $15 dollars a second. Over the weekend Buffett confirmed his displeasure and sent a message to Lloyd and Co that if they want their preferred shares back they’re gonna have to find him first, which will prove difficult, as he’s decided to take a page from from Osama bin Laden’s playbook.
Billionaire investor Warren Buffett warned that he would go to great lengths to avoid having his preferred shares in Goldman Sachs called in by the investment bank. Now he seems to be making good on his threats. On Saturday, Buffett boarded a private jet bound for Daegu, South Korea. “I’m going to be the Osama bin Laden of capitalism. I’m on my way to an unknown destination in Asia where I’m going to look for a cave,” he joked. “If the U.S. Armed forces can’t find Osama bin Laden in 10 years, let Goldman Sachs try to find me.”
This of course fails to take into account that if Goldman was the one tasked with finding ObL it would’ve been a done deal in about 36 hours but nevertheless, challenge accepted?
Oh, sweet. DB Challenge! Where’s Buffet?!
It’ll be like Elvis sightings. Photoshop field day!!!
Osama: Look for the dialysis machine
Buffet: Look for the Blizzard machine
The old man has lost his marbles. This is a classic, Emperor’s New Clothes operation existing for too long.
I’m in my cave, learning the interwebs on my iPad. Bring the bombs Lloyd, I’ll bring the Coke!
Uh, don’t mind that guy hiding in the spider hole, he’s just my friend.
Anyone know where in South Korea you can get a steak, Pepsi, and ice cream for under $3 and does not have strippers?
Nobody puts Buffet in the corner
Buffet threatened to wander in the desert for 40 years. LB said he knows this story well.
I’m in the cave, with my beanbag, eating cheetohs, performing analysis.
-Warren “Grab Me A Hot Dog Thrice” Buffett
Running away from Lloyd throwing money at you is the NKI
He should instead find a cave in Fiji…or buy it for that matter.
-Guy who was watching House Hunters International last night-
“Just hit the Eastside of the LBC
on a mission trying to find Mr. Warren B….”
I believe the term is “Fox hole”
I-95 exit 5, Hyatt, Room 203, registered under Mr/Mrs Belvedere Snatchblaster
It’s what Nate would have wanted.
Hi, you probably meant to post this on ZH – make a left turn at backoffice and stop when you get to 1 dude living in his mother’s basement staring at a bloomberg terminal.
Hi, you probably meant to post this on ZH – make a left turn at backoffice and stop when you get to 1 dude living in his mother’s basement staring at a bloomberg terminal.
If WB doesn’t want to sell GS, maybe I should buy?
-UBS quant
This has all the makings for a re-make of “Freaky Friday”, a kindly old financier from the US wishes he can escape the stresses of his everyday life and live in a cave, unknown to anyone for a while. A wealthy psychopath wishes he could just blend in and live like everybody else (but still keep his money). By some strange twist of fate they switch places and learn, in the end, the grass isn’t always greener on the other side. The fish-out-of-water hilarity options are endless, Warren (as Osama) struggling through his first beheading, Osama (as Warren) barely concealing his rage when meeting Lloyd B or calling Charlie an “infidel”.
Alternatively it could be a sequel to the “Bucket List” if the producers decide they don’t want to split up the two leading men.
Who would play Lindsay Lohan though?
-Lehman credit derivatives analyst
Ummmmmm, see there was this guy in Ira . . . oh, never mind. It wouldn’t do any good.