Sunday, March 04, 2007

A billionaire with a sense of humor

Whether or not one owns stock in Berkshire Hathaway, suggested reading is its CEO, Warren Buffett's, letter to shareholders. Buffett is, of course the second wealthiest individual in the U.S.--in the latest Forbes ranking, published last September, his net worth was reported to have been $46 billion, surpassed only by Bill Gates with $53 billion. (Buffett gave some $30 billion to the foundation of Gates and his wife last year, to be added to their funds for investment in do-good causes around the world.)

Along with all the large amount of factual material he puts into in his letters, Buffett includes much humor in them. One item that caught my eye in his letter in Berkshire Hathaway's 2006 annual report, which just came out a few days ago, was about an:

...older man who crashed his grocery cart into that of a much younger fellow while both were shopping. The elderly man explained apologetically that he had lost track of his wife and was preoccupied searching for her. His new acquaintance said that by coincidence his wife had also wandered off and suggested that it might be more efficient if they jointly looked for the two women. Agreeing, the older man asked his new companion what his wife looked like. "She’s a gorgeous blonde," the fellow answered, "with a body that would cause a bishop to go through a stained glass window, and she’s wearing tight white shorts. How about yours?" The senior citizen wasted no words: "Forget her, we’ll look for yours."

The relevance of the joke had to do with Buffett's commentary regarding looking for attractive stocks.

(Buffett's letters can be accessed at the company's website www.berkshirehathaway.com.)

There is a story that someone asked Buffett if he was ever going to retire (he is now 76), to which he answered, "Five years after I die."

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Mycroft Watson is the nom de plume of a man who has seen many winters. He is moderate to an extreme. When he comes to a fork in the road, he always takes it. His favorite philosopher is Yogi Berra. He has come out of the closet and identified himself. Anyone interested can get his real name, biography, and e-mail address by going to "Google Search" and keying in "User:Marshall H. Pinnix" (case sensitive).

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