Buffet got another sweet deal today

Buffett’s Berkshire Hathaway (BRK.A, news, msgs)will buy $3 billion in perpetual preferred stock from General Electric (GE, news, msgs).

Buffett’s sweet deal, v.2
Buffett’s investment in GE has a 10% dividend and can’t be called for 3 years. Buffett also gets warrants to buy $3 billion in GE common shares at a strike price of $22.25.

The deal is very similar to one that Buffett cut a week ago with Goldman Sachs (GS, news, msgs). Buffett bought another perpetual preferred stock and received warrants for more stock. Goldman used the prestige of having Buffett as a major investor to sell additional shares to the public.

So much water, So little time

Now what’s he gonna due in retirement that’s this much fun?

And to think his poor kids only get $20M each.


how are they going to survive on that???