Warren Buffett's Berkshire Hathaway (BRK.B -0.52%) made an investment in Goldman Sachs (GS -0.75%) 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.
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Warren Buffett Is Sticking With the Vampire Squid
NYSE: GS
Goldman Sachs Group

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.
David Hanson owns shares of Goldman Sachs. The Motley Fool recommends Berkshire Hathaway and Goldman Sachs and owns shares of Berkshire Hathaway. 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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