Everything Warren Buffett: BUSINESSWEEK-Buffett's USG Bet Hits a Wall »
Posted By bongo666 3 months, 3 weeks ago in Business & FinanceIn 2006, Warren Buffett spotted a bargain. Just a few months earlier, USG (USG) had emerged from five years in bankruptcy, and its stock had lost more than half its value, falling from more than $115 to less than $50. The chief executive of Berkshire Hathaway (BRKA) had enriched himself on USG before: He had picked up 15% of the wallboard maker in
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bongo666
An investor with a keen sense of political humour and suffering a rather large case of self importance.
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