Interesting Day Both for Our Businesses and the Stock Market

Exciting day … quite a bit of stuff happened at the companies, but I’m not comfortable discussing it (and probably won’t at any time in the future).  Suffice it to say, an opportunity presented itself that could have huge growth potential for one of our major businesses.  It just changed my plans for the rest of fiscal 2010 because it requires my attention.  It is a key component in our intentions for this business over the coming 36 months.

Bought Some More Berkshire Hathaway Shares

The Goldman Sachs Mess

I do wonder why the government is going after Goldman Sachs now that the markets have finally calmed, 401(k) balances for the average investor are above where they were in 2008 when this mess started, and profits are rising on corporate balance sheets, which means employment will inevitably follow.  Doesn’t anyone remember that the suit against Hank Greenburg at AIG failed because of lack of evidence, the suit against Lehman Brothers failed because the prosecutors couldn’t make a case to a grand jury (where the bar is much lower) … the government is costing people money right now and doing it to score political points.

So far, I’ve spent a few minutes looking at prices on Goldman Sachs options, but not enough to form an opinion.  It could be interesting.

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