Focus On Value Investing

"The Sunday Telegraph has learned that Buffett, known as "The Sage of Omaha" for his successful record as an investor, has held talks with three of the bidders for the bank with a view to joining one of the consortia."

"JC Flowers, Cerberus and the new consortium involving Olympus Partners and Five Mile Capital, the US private equity firms, are all understood to have discussed a deal with Buffett's advisers. Buffett could sign up as a backer to one of the bidding teams within the next few days."