Morgan Housel of Motley Fool Questions Whether Warren Buffet's Investment into Goldman Sachs (GS) during the 2008 Credit Crunch was all that Profitable.. with the benefit of 20/20 vision of course...
Warren's returns in his preferential stocks of GS wasn't all that great after all including the warrants he got for 'sacrificing' his professional image for an 'all-evil' investment bank if you compare it to market returns from 2008 to today.
Read on here: http://www.fool.com/investing/general/2011/03/21/how-goldman-treated-warren-buffett.aspx
Maybe the Sage of Omaha isn't that great after all or is it fair to look back with the benefit of hindsight? That said, he has been known to have a few mistakes/failures in the past. Netjets and General Re are to name a few.
One thing's for sure. If you're as successful as Buffet, you have a tough reputation to keep!