You are hereMr Buffett, the ultimate bargain-hunter, is having the time of his life

Mr Buffett, the ultimate bargain-hunter, is having the time of his life


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By ZENWAY - Posted on 08 February 2009

In one important sense, Mr Buffett, the ultimate bargain-hunter, is having the time of his life. He has found deals, at extremely favourable terms, with some of the world’s best-known and respected companies, including General Electric, Goldman Sachs, Wrigley, Dow Chemical and Harley-Davidson.

“In his younger days, whenever the market crashed he never had enough money,” said Alice Schroeder, author of The Snowball: Warren Buffett and the Business of Life.

“This is the first time in his career he’s had enough capital to take advantage of the opportunities presented to him.”

His latest – this week’s £2.6bn investment in Swiss Re, the struggling reinsurer – will pay Mr Buffett hefty annual interest as well as giving him the right to raise Berkshire’s stake at an attractive price.

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http://www.ft.com/cms/s/0/8667131a-f47f-11dd-8e76-0000779fd2ac.html

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