Goldman Sachs

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“10 Goldman blue chip companies that that I mean it was like a no-brainer.”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“Some of the banks that you've sold include USB, Wells Fargo, Goldman Sachs, JPMorgan, PNC.”

Morning Session - 2022 Meeting

“We spent it in the last few weeks, a period of three or four weeks between Wrigley and Goldman Sacks and General”

Afternoon Session - 2022 Meeting

“when Solomon was essentially, might or might not have gone down the drain and had a bankruptcy, which was, in my opinion, would have spread like wildfire”

Warren Buffett (Charlie Rose Returns)

“I mean, think of the financial crisis and think of Goldman Sachs. I said what I'd do. You said what you'd do, but it gave them credibility”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“If you're looking at Goldman Sachs, Bank of America, Citigroup down by 2.9%.”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“In the fourth quarter, he dumped a third of his Goldman stock, Goldman Sachs shares, although he still owns over $75 billion in bank equities”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“David Salomon, the CEO of Goldman Sachs, on our air actually, announced a couple weeks ago that he won't be taking any companies public, Goldman won't”

Buffett: I didn't pull the trigger to buy Amazon | May 2, 2019

“we own stock in jb morgan we own stock it in golden sacks”

2019 Berkshire Hathaway Shareholder Letter

“12,435,814 The Goldman Sachs Group, Inc. ............... 3 . 5 8 9 0 2,859”

Buffett: Stocks are 'ridiculously cheap' if rates don't move | May 6, 2019

“Goldman Sachs saying that this is not only rapidly increases the odds that we don't get a trade pact with China”

Afternoon Session - 2019 Meeting

“Apple, that just instituted a card, I guess, in conjunction with a Goldman Sachs, everybody, there will always be”

Warren Buffett On The 2008 Crisis

“there's still a serious anxiety that GE might go, Goldman Sachs, Morgan Stanley. Well, when Lehman goes”

Warren Buffett On The 2008 Crisis

“And you get a call later in the week about Goldman Sachs. I thought that we were in very good hands”

2018 Berkshire Hathaway Shareholder Letter

“18,784,698 The Goldman Sachs Group, Inc. .............. 4 . 9 2,380 3,138”

Criticizing the cryptocurrency craze | May 7, 2018

“I would be very surprised that the top partners of Goldman are selling their Goldman stock and putting it into Bitcoin.”

Criticizing the cryptocurrency craze | May 7, 2018

“you saw that Goldman Sachs just last week announced they were going to create a effectively a trading operation around cryptocurrencies”

Criticizing the cryptocurrency craze | May 7, 2018

“Berkshire Hathaway owns about $2.5 billion of Goldman Sachs. Does it bother you or does it not surprise you? Well, I don't expect every investment bank to agree with everything I think.”

Morning Session - 2018 Meeting

“didn't push it to the limit because there really wasn't anybody else around...disadvantageous to Goldman or the GE”

Morning Session - 2018 Meeting

“extract from firms like Goldman Sachs and Bank of America in times of distress”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“A Golden Sacks would have to report that way in the past, but they're in the trading business of stocks and bonds”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“We didn't make as much money on that as we made on our Goldman investment.”

2017 Berkshire Hathaway Shareholder Letter

“11,390,582 The Goldman Sachs Group, Inc. ............... 3 . 0 6 5 4 2,902”

Buffett buys airlines and Apple | February 27, 2017

“What about Goldman and GE? I thought you got almost 10 on those, didn't you? Yeah, we got 10 on Goldman”

Sandy Gottesman Interview: A Friendship in Finance with Warren Buffett

“buy extremely high-yielding preferred stocks that were convertible or had warrants in some very good companies like Goldman Sachs”

2016 Berkshire Hathaway Shareholder Letter

“11,390,582 The Goldman Sachs Group, Inc. ................ 2.9 654 2,727”

Morning Session - 2016 Meeting

“made a major investment in Goldman Sachs, and we've obviously made a major investment in Goldman Sachs and we continue to hold shares that came out of the warrants that we received when we made the in”

2015 Berkshire Hathaway Shareholder Letter

“The funds we supplied to Goldman Sachs and General Electric at that time produced headlines”

2015 Berkshire Hathaway Shareholder Letter

“11,390,582 The Goldman Sachs Group, Inc. ............... 2 . 7 6 5 4 2,053”

2014 Berkshire Hathaway Shareholder Letter

“13,062,594 The Goldman Sachs Group, Inc. ............. 3 . 0 7 5 0 2,532”

Morning Session - 2014 Meeting

“Harley-Davidson is a fine company, but it, like, Goldman Sachs and General Electric and a bunch of other companies”

Afternoon Session - 2014 Meeting

“the Warren Buffett stamp of approval mattered a lot to some of the deals you did with, for example, Goldman”

2013 Berkshire Hathaway Shareholder Letter

“13,062,594 The Goldman Sachs Group, Inc. .......... 2 . 8 7 5 0 2,315”

Buffett sees "gradual improvement" in economy | May 6, 2013

“There was a story recently about how I think Goldman Sachs had been potentially lining up a line of credit”

Morning Session - 2013 Meeting

“I think he's probably referring to something like the Bank of America transaction or Goldman Sachs and GE.”

Morning Session - 2013 Meeting

“investments in banks like Wells Far and Goldman Sachs. Yeah, I don't think it's affecting Berkshire's insurance businesses”

"No question" the global economy is slowing | October 24, 2012

“earlier this week was the release of Greg Smith's book about Goldman Sachs, the guy who wrote that op-ed piece in the New York Times”

Buffett: U.S. must get its promises in line with its capacity | July 12, 2012

“you know, Goldman had some PR and some, you know, some ethics issues”

Morning Session - 2012 Meeting

“Goldman Sachs, GE, and Bank of America deals, all giving Berkshire warrants that you have negotiated.”

Morning Session - 2012 Meeting

“If you look at what we did with General Electric and Goldman Sachs, for example, on those two deals in 2008”

2011 Berkshire Hathaway Shareholder Letter

“Swiss Re, Goldman Sachs and General Electric paid us an aggregate of $12.8 billion to redeem securities”

Morning Session - 2011 Meeting

“our Goldman Sachs preferred was called in April. Our General Electric preferred is almost certain to be called in October”

Afternoon Session - 2011 Meeting

“Goldman, $5 billion at 10% plus warrants...I was early on Goldman and GE compared to the situation five months later.”

Wesco 2010 Annual Meeting — Notes of Charlie Munger's Remarks

“Not everybody can be trusted to do what Goldman Sachs does, so it must be curtailed—and Goldman Sachs must share in the curtailment.”

Wesco 2010 Annual Meeting — Notes of Charlie Munger's Remarks

“they have the "best morality and wisdom" among the investment banks, and Charlie doesn't like the government jumping on them”

Wesco 2010 Annual Meeting — Notes of Charlie Munger's Remarks

“On Goldman: The total return derivative is a way to avoid margin limits and deceive accountants; I hate its social implications”

Wesco 2010 Annual Meeting — Notes of Charlie Munger's Remarks

“And will Goldman Sachs divest its derivatives business? A To the second question, not unlessed forced to”

2010 Berkshire Hathaway Shareholder Letter

“two others – our Goldman Sachs and General Electric preferred stocks – are likely to be gone by yearend”

2010 Berkshire Hathaway Shareholder Letter

“The Federal Reserve, our friend in respect to Goldman Sachs, has frozen dividend levels at major banks”

Goldman Sachs "helped build Berkshire Hathaway"

“we have had a lot of very satisfactory transactions with, with Goldman Sachs.”

2010 Annual Meeting Highlight Reel

“the first question will be about Topeka, which is Goldman Sachs. Clearly, Goldman Sachs has lost reputation because of the SEC's action.”

Buffett defends Goldman Sachs

“Goldman itself was a loser. They didn't intend to be a loser, I'm sure. They couldn't sell a piece of the transaction, and they kept it, and I think they lost $90 or $100 million”

Goldman Sachs "helped build Berkshire Hathaway"

“Clearly, Goldman Sachs has lost reputation because of the SEC's action.”

Buffett defends Goldman Sachs

“whether it was John Paulson on the other side of the deal, or whether it was Goldman Sachs on the other side of the deal”

Morning Session - 2010 Meeting

“The SEC's lawsuit against Goldman, all of them asking a different question about that problem. I have combined the several thoughts in these questions”

Morning Session - 2010 Meeting

“Goldman itself was a loser. They didn't intend to be a loser, I'm sure. They couldn't sell the piece of the transaction, and they kept it, and I think they lost $90 or $100 million”

Morning Session - 2010 Meeting

“whether it was John Paulson on the other side of the deal, or whether it was Goldman Sachs on the other side of the deal, or whether it was Berkshire Hathaway”

Morning Session - 2010 Meeting

“it's probably helped our investment in Goldman in a certain way, because we have a $5 billion preferred stock that pays us $500 million a year.”

Morning Session - 2010 Meeting

“Goldman Sachs had a situation that, in connection with the Penn Central, 40, 40 years ago now, and that hurt at that time.”

Morning Session - 2010 Meeting

“our experience with Goldman goes back 44 years. And during those years, we've bought more businesses through them than through any other Wall Street investment bank.”

Morning Session - 2010 Meeting

“I called Gus Levy of Goldman Sachs, and I called Al Gordon of Kidder Peabody. Those were two of the most prestigious firms in Wall Street at the time”

Morning Session - 2010 Meeting

“every big investment bank except Goldman Sachs was going to go bluey”

Morning Session - 2010 Meeting

“allegation that a Goldman Sachs board member passed inside information about your pending investment in Goldman in Goldman in 2008”

Morning Session - 2010 Meeting

“as a Berkshire, since Berkshire is a Goldman shareholder, who would you like to see run Goldman Sachs”

Morning Session - 2010 Meeting

“whether somebody other than Gus Levy should be running Penn Central, be running Goldman. And when the event happened in connection with the Boski thing, John Weinberg was running it then”

Morning Session - 2010 Meeting

“we love buying the Goldman preferred at 10%. Now, let's say Goldman, instead of offering me the 10% preferred and warrants”

Class B stock split was "easy decision" | January 20, 2010

“The government's made a lot of money off Wells. They made a lot of money off Goldman.”

Class B stock split was "easy decision" | January 20, 2010

“Goldman Sachs and a lot of the other banks did make a lot of money back from AI... although Goldman Sachs, although Goldman was very protected.”

Class B stock split was "easy decision" | January 20, 2010

“I'm just not sure why Goldman paid, I think, a billion one for the warrants to buy them back.”

Class B stock split was "easy decision" | January 20, 2010

“if you look at Morgan Stanley and Goldman Sachs, the two big investment banks that are independent, I don't think they should be backstopping.”

Class B stock split was "easy decision" | January 20, 2010

“Goldman went out to raise their own money. I mean, they saw the situation that was developing and they raised $12 billion there. September of 2008, which we participated in.”

Class B stock split was "easy decision" | January 20, 2010

“It can take a Goldman Sachs or, you know, they love. The leverage ratios in half, their capital is like it's never been before.”

Wesco 2009 Annual Meeting — Notes of Charlie Munger's Remarks (Peter Boodell)

“How do you justify your investment in Goldman Sachs? We thought their merits outweighed their defects.”

2009 Berkshire Hathaway Shareholder Letter

“non-traded securities of Dow Chemical, General Electric, Goldman Sachs, Swiss Re and Wrigley”

Afternoon Session - 2009 Meeting

“in your General Electric and Goldman Sachs investments, do you think you've picked attractive businesses or simply attractive securities?”

Afternoon Session - 2009 Meeting

“We've done a lot of business with Goldman Sachs over the years, and my experience goes back to when I was 10 years old”

Afternoon Session - 2009 Meeting

“he had Goldman Sachs join in at that time. So there have been a lot of things that have made for a... very happy relationship with Goldman Sachs. I feel good about them.”

Morning Session - 2009 Meeting

“I think Goldman Sachs sold something with a 400 basis point spread that wasn't guaranteed”

Morning Session - 2009 Meeting

“there's lots of equity there, which there is at Goldman, U.S. Bank, Wells Farage, lots of equity, lots of earning power.”

Morning Session - 2009 Meeting

“Goldman Sachs, you know, with all their debts. So those are different situations.”

Morning Session - 2009 Meeting

“if we got a call from a Goldman Sachs, I think it was on a Wednesday maybe, you know, that was a transaction that couldn't have been done”

Warren Buffett remembers the 2008 financial crisis | July 11, 2018

“And you get a call later in the week about Goldman Sachs?”

Warren Buffett remembers the 2008 financial crisis | July 11, 2018

“When Goldman Sachs needs money, you'll remember. And what did you think? I thought, I did think that we were in very good hands.”

2008 Berkshire Hathaway Shareholder Letter

“we made purchases totaling $14.5 billion in fixed-income securities issued by Wrigley, Goldman Sachs and General Electric. We very much like these commitments”

Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010

“your investment in Goldman Sachs. And if you could talk a little bit about your conversations with management there and how that decision was made. Well, that decision was made in September of 2008”

Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010

“if the system had fallen apart...Goldman Sachs was in fine shape...the fact that that the world wasn't going to come to an end financially”

Afternoon Session - 2006 Meeting

“they're keeping up with their age cohort at Goldman Sachs. That appears to be the minimum standard”

Afternoon Session - 1995 Meeting

“My guess is that there, that in effect, Solomon has put in a more Goldman Sachs-like system because essentially it created”

Afternoon Session - 1995 Meeting

“if you want to look at Goldman Sachs last year, they were paid nothing. Does that mean that everybody will leave”

Morning Session - 1995 Meeting

“i don't know what percentage of the goldman's”