So, Warren Buffett’s Berkshire Hathaway has just made a pivotal move to buy Dominion Energy’s natural gas storage and transmissions assets. The deal amounted to $9.7 billion. Buffett, of course is held in high esteem by many for his investment insights, earning him the nickname of the Oracle of Omaho. I call this pivotal in remembrance of his former big bets on Goldman Sachs and General Electric during the financial crisis. It is also worth mentioning that Berkshire has sold off some assets during the downturn – the most notable on being it’s entire stake in airline stokes (American Airlines, Delta, Southwest and United).
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