The canny golden touch

The third richest man in the world, US investor Warren Buffett, is on the verge of recouping the $5bn investment he made in Goldman Sachs at the peak of the financial crisis in 2008.

A proposal by the bank to repay the loan will give Buffett a 12.5 per cent return over two years. The loan was seen at the time – just days after Lehman Brothers declared bankruptcy – as a huge gamble

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