Warren Buffett & Money Matters (1)

And this my friend, is how money is made, with pride & dignity, with only two of my commandments (from Warren himself)

The warrant had provided Berkshire Hathaway the right to purchase 43,478,260 shares of Goldman Sachs' common stock, par value $0.01 per share, at an exercise price of $115 at any time until October 1, 2013. Under the amended agreement, Goldman Sachs will deliver to Berkshire Hathaway the number of shares of common stock equal in value to the difference between the average closing price over the 10 trading days preceding October 1, 2013 and the exercise price of $115 multiplied by the number of shares of common stock covered by the warrant (43,478,260).

1. It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price
2.  The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table