All absolutely true, but note the lack of derivatives and hedges. The Goldman transaction was a straight equity deal, with a big emphasis on dividends. In a nutshell, it was a chance to squeeze one of the 'casinos' hard, while still staying out of the whole CDO/default swap/derivative mess.
Both Munger and Buffett have a habit of stealing your wallet while telling you you're an idiot for letting them do it. The article and the Goldman deal are reflections of that attitude.
Both Munger and Buffett have a habit of stealing your wallet while telling you you're an idiot for letting them do it. The article and the Goldman deal are reflections of that attitude.