Itching of Warren Buffett
"Our elephant gun is reloaded, and I relax that itches." At 80, the multi-billionaire Warren Buffett, good shot of global finance if any, is more than ever ready to draw in search good investments. His company, Berkshire Hathaway, an empire of eighty subsidiaries, diversified energy, clothing, jewelry, business aviation and stakes in big companies like Coca-Cola, just to garner 12 , $ 97 billion profit, up 61%, "he wrote in his annual letter to shareholders.
The hunter investment should reap even more cash by the end of the year to make new purchases. At the height of the financial crisis, Warren Buffett purchased preferred shares of GE and Goldman Sachs, for small sums respectively 3 billion and 5 billion dollars.In exchange, the two companies paid dividends to their savior by 10%. GE and Goldman have planned to buy back its investment in the coming months, which bodes well for the thirsty acquisitions inflow of new money counted in billions of dollars. Businessman offers its shareholders to be "healthy" and does not intend to retire. Better, he exhorts his countrymen to be optimistic.
The latest U.S. macroeconomic indicators are disappointing? "Tomorrow is always uncertain," relativized the old veteran. Encourages risk-taking, but with common sense. The 2008 crisis showed, he recalls, the risks of investing with borrowed money. Practice "addictive," he complains. In good family man, Warren Buffett still retains its investment fund for a small envelope of cash in unforeseen circumstances or good opportunities.End of 2010, this reserve of cartridges weighing 38 billion. What relieve itching Warren shooter.