Haven't seen the facts on this yet, but my understanding is he bought some converts @10% coupon... ?? 1. That's an OK yield for him. 2. With the bailout money behind GS, he's got NO chance of being defaulted upon. 3. Significant upside potential with conversion price of $115? So.... even if things don't work out, he's covered for the return of his investment + 10% per year. Maybe his arm was twisted to make the deal... "good show to restore confidence" and all that. You know, "if Buffet's onboard, everything must be OK now". Maybe his buying GS has no meaning other than he "went along with it.. to support the effort... his sacrifice to the common good".. ?? Suggest not being too wide-eyed about it. OK to chase if you're given to that... just don't forget your stops.