How Warren Buffett Poured $3B Into This Company During 2008 Financial Crisis And Doubled His Money
Portfolio Pulse from Bibhu Pattnaik
During the 2008 financial crisis, Warren Buffett's Berkshire Hathaway (BRK) invested $3 billion in Dow Chemical to facilitate its acquisition of Rohm and Haas. Despite the economic chaos and a decline in Dow's stock value, Buffett stood firm on his commitment. By 2016, Dow transitioned the preferred shares into common shares, eliminating the obligation of substantial dividend payments. Berkshire Hathaway sold these shares, leading to an estimated pre-tax profit of $3 billion, effectively doubling the initial investment.
September 17, 2023 | 6:42 pm
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Berkshire Hathaway's $3 billion investment in Dow Chemical during the 2008 financial crisis resulted in an estimated pre-tax profit of $3 billion.
The news highlights a successful investment strategy by Berkshire Hathaway during the 2008 financial crisis, which resulted in significant profits. This could boost investor confidence in the company's investment decisions.
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IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
During the 2008 financial crisis, Berkshire Hathaway also reportedly entered into agreements with General Electric.
The news mentions that Berkshire Hathaway entered into agreements with General Electric during the 2008 financial crisis, but does not provide details on the outcome of these agreements.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
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During the 2008 financial crisis, Berkshire Hathaway also reportedly entered into agreements with Goldman Sachs.
The news mentions that Berkshire Hathaway entered into agreements with Goldman Sachs during the 2008 financial crisis, but does not provide details on the outcome of these agreements.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50