Buffett to invest $5B in Goldman Sachs

Published 5:00 am Wednesday, September 24, 2008

Warren Buffett, America’s most famous investor and one of the world’s richest men, announced on Tuesday that he would invest $5 billion in Goldman Sachs in a move that could bolster confidence in the financial markets. Until now, Buffett, who has navigated the stock market with legendary prowess, has largely refrained from investing in the stricken financial industry, saying repeatedly that things could get worse.