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Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Warren Buffett Just Dumped Goldman Sachs -- Here's Why I'm Not Selling

Matthew Frankel, CFP, The Motley Fool
·4-min read
Warren Buffett Just Dumped Goldman Sachs -- Here's Why I'm Not Selling

Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) stake in investment banking giant Goldman Sachs (NYSE: GS) originated from a savvy investment CEO Warren Buffett made around the time of the financial crisis. In exchange for providing $5 billion of capital to the investment banking giant in 2008, Berkshire received preferred shares paying a 10% annual dividend, plus warrants to buy $5 billion of Goldman's common stock at $115 per share. Well, after a negotiated deal in 2013, Berkshire's warrants were converted into about 13 million shares of Goldman, which is how the stock found its way into Berkshire's portfolio.

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