preferred shares and common shares are totally different

animals, preferred shares are more like bonds. That $115 price is about option, IIRC. Meaning that Buffett could buy common shares at $115 in the next 5 years. So Buffett did not buy any GS at 115/share. He just made a deposit of $5 billion at GS, and GS promise to give him 10% interest per year.

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谢谢指教 -暗自偷笑- 给 暗自偷笑 发送悄悄话 暗自偷笑 的博客首页 (0 bytes) () 11/12/2008 postreply 16:52:50

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