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Recessionary times are ones of great opportunities for investors with available capital. It is during distressed periods that great bargains appear, and fabulous deals are made.
The 2008-2009 Great Financial Crisis provided Berkshire Hathaway, Buffett’s investment vehicle, with the opportunity of acquiring stakes in AIG, for example, at incredible prices. Building a pile of cash during economic expansion and using it during recessions is a strategy that worked well for Berkshire.
Only this recession was…
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