Warren Buffett's Berkshire Hathaway (NYSE: BRK-B) made an investment in Goldman Sachs (GS 0.10%) 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.
Warren Buffett Is Sticking With the Vampire Squid
By David Hanson – Mar 26, 2013 at 6:14PM
NYSE: GS
Goldman Sachs Group
Market Cap
$239B
Today's Change
(-0.10%) $0.79
Current Price
$789.37
Price as of October 31, 2025 at 5:00 PM ET
Goldman Sachs, once referred to in an article in Rolling Stone as the Vampire Squid, is a position that Warren Buffett is proud to continue holding.
About the Author
David has been with The Motley Fool since 2013. He is a graduate of the University of Miami. Follow David on Twitter for all things finance, marketing, and investing.
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