Warren Buffett Is Sticking With the Vampire Squid

Warren Buffett's Berkshire Hathaway made an investment in Goldman Sachs in late 2008 as a confidence boost, and it was set to expire this coming October. However, Berkshire and Goldman have come to an agreement to convert the position into common stock, which will make Buffett one of the largest shareholders in Goldman. In this video, Fool financials analyst David Hanson takes a look at where Goldman stands today, and why Buffett sees good value in the company going forward.

With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or whether finance stocks are a screaming buy today. The answer depends on the company, so to help figure out whether Goldman Sachs is a buy today, read our premium research report on the company today. Click here now for instant access!

The article Warren Buffett Is Sticking With the Vampire Squid originally appeared on Fool.com.

David Hanson owns shares of Goldman Sachs. The Motley Fool recommends Berkshire Hathaway and Goldman Sachs and owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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