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Funny: Warren Buffet

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CovOps

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Funny: Warren Buffet Vide

Subject: Funny: Warren Buffet Sun May 05, 2019 8:10 pm

‘I didn’t have any cash at the time’ Buffett earlier told shareholders about an investment he made when he “didn’t have any cash.” “One time I bought one share of stock in the Atled Corp,” he said. “Atled had 98 shares outstanding and I bought one — not what you’d call a liquid security.” Alted was formed by a group of 100 guys in St. Louis who had contributed $50 each to create the Delta Duck Club. Two of the 100 defaulted, hence the 98 shares. “They shot ducks, but apparently someone shot into the ground and oil sprouted out,” Buffett said. The shares had gone from $100 to $29,000 in just a few years, but the company eventually sold. Had they not sold, the shares would have been worth millions today, Buffett said. “That was certainly the most interesting thing,” he said. “I didn’t have any cash at the time and I went down and borrowed money — I bought it for my wife. The loan officer said, would you like to borrow money for a shotgun as well?” https://finance.yahoo.com/news/berkshire-buffett-value-most-life-192641596.html

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RR Phantom

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Funny: Warren Buffet Vide

Subject: Re: Funny: Warren Buffet Sun May 05, 2019 8:34 pm

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