Buffett says he has no plans to invest in Facebook: It's not my game.

Source: Internet
Author: User
Keywords Facebook Buffett Facebook games it's not
Sina Science and technology news in the United States July 7 (Beijing time July 8), in the United States Idaho State Solar Valley Elite meeting, Buffett said to maintain the Goldman Sachs warrants plan unchanged, and praised Goldman Sachs CEO Blankfein (Lloyd Blankfein), hoping he can continue to run Goldman Sachs.  The investor also said that he would be the last one to get tech.  Will exercise Goldman's subscription right in 2013 at the Sun Valley Elite, Mr. Buffett said his Berkshire Hathaway company (BRK) will keep the GS of Goldman Sachs, which he will exercise in the last month and two months of the 2013 maturity date. This March, Goldman Sachs announced that it would pay 5.5 billion of billions of dollars to redeem its preferred shares of Goldman Sachs, sold to Berkshire at the onset of the global financial crisis in 2008, including a one-off dividend of $1.64 billion worth.  After that, Berkshire Hathaway will continue to hold 43,478,260 of Goldman Sachs Group general stock options. No wonder that he likes Goldman Sachs chief executive Blankfein, hoping he will continue to run Goldman Sachs. Asked if he thought Blankfein would resign from Goldman in a few months, Warren Buffett enthusiastically said, "I don't think he's going to resign, I want him to stay!" "When the 2008 economic crisis broke out, the stock market bought some preferred shares at Goldman Sachs for 5 billion dollars to help Goldman Sachs increase its capital and restore confidence in the investment banking giant," he said.  Goldman Sachs's share price plummeted in the aftermath of the financial crisis caused by the bankruptcy of Lehman Brothers, leading to a surge in borrowing costs. The last of the tech guys, though investors are chasing hot online startups, Mr Buffett says he has no plans to invest in the technology industry. "It's not my game," he says. The world is changing, I am falling behind. "When asked if Facebook, the world's largest social network, is going to be publicly listed and valued at more than 100 billion dollars," he replied, "I will be the last person to ask." "Mr. Buffett said he did not know what causes companies such as Facebook, Groupon, Zynga and LinkedIn to be valued at $ billions of trillion," maybe some of them are worth a big price, but I don't know which ones. "  Buffett believes that the most successful companies in the future will sketch out what some people want, even though they don't know what they want at the moment. In Thursday, IAC President Barry Diller in the Sun Valley that the current market valuations are "wildly overvalued".  Still, Mr. Buffett said he was satisfied with his long-standing strategy of holding, and he believes he still has the ability to find "great" investments in the market. "We're looking for companies that aren't crazy," Buffett said. I don't know how to treat most publicDivision carries out a valuation, but there are a handful of companies that I still know how to value, and one of them will fall into my valuation range. "(Duan Jiao Yu, San Francisco, USA)
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