Goldman Sachs (GS) has earned a reputation the world over for an investment savvy unmatched on Wall Street. So what’s Goldman’s next brilliant play? A $300 million investment in Chinese chicken farms. The South China Morning Post:
Goldman Sachs, a United States-based private equity investment firm, recently acquired full control of more than 10 poultry farms on the mainland for as much as US$300 million, establishing a presence in the mainland livestock industry, according to a mainland media report yesterday.
So for the record, that’s: U.S. mortgages = bad… Asian livestock = good. We hope John Thain and Dick Fuld are taking notes.
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