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?