from Trung Phan | by Trung Phan

Warren Buffett right now t.co/ZL5i58PcRA

Buffett’s BAML deal in 2011 was wild: — $5B cash for $5B preferred shares (5% dividend) — warrants for 700m common at $7.14 per share (when he exercised in 2017, it was ~$30 a share) — So in 6 years, turned $5B into $20B+ and $1.5B in dividends — Today, owns 13% of BAML 🔗… t.co/cijc7hFo7p t.co/12R3BpnHuB

Buffett’s Goldman deal in 2008: -$5 billion in preferred stock paying a 10% annual dividend — warrants enabling it to buy 43.5 million of Goldman's common shares at $115 each at any point in the ensuing five years — By 2020, he netted $3B on top of t.co/PBZt3BFD0F… t.co/4M110TaOzP t.co/1aBG0umuaC