According to an article in yesterday's New York Times, the $5 billion investment in Goldman Sachs made by Warren Buffett in September 2008 has grown to $9.1 billion today. That's $4.1 billion dollars made in 10 months.
"Yes," you say, "but is he really happy?"
I don't care! Have you got any idea how much money that is? That's $11,232,876 a day, $468,036 an hour, $7,800 a minute, and $130 a second.
Do you remember the 15 minutes you wasted on Facebook the other day? If you were Warren Buffett you would have made $117,000 in those 15 minutes!
And he makes this money whether he is awake or asleep. So if he goes to sleep at 10 pm and wakes up at 6 am, he's $3,744,288 richer when he opens his eyes in the morning!
Oh by the way, Mr. Buffett current return on an annualized basis is 111%, but surprise, the U.S. government received an annualized return of only 23% on its investment in Goldman Sachs.
The New York Times article concludes:
At the time of Mr. Buffett’s investment, critics said that Goldman’s long run of soaring profits was coming to an end. As a federally regulated bank holding company, Goldman would not be able to take the kind of risks that have yielded profits and bonuses that defined Wall Street’s latest Golden Age, they said.
But earlier this month, Goldman reported a second-quarter profit of $3.44 billion.
Makes you not even want to get up and go to work in the morning.
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