Monday, March 3, 2014

Warren Buffett compares Berkshire-Hathaway's investment strategy to being bisexual

Filthy rich Omaha tycoon Warren Buffett
Buffett, a fan of Mae West, likes to include sexual metaphors in Berkshire-Hathaway's annual letter to shareholders. Here's an excerpt from the Oracle of Omaha's latest missive to stockholders, (in which he admitted that last year Berkshire Hathaway again did not beat the performance of the Standard and Poor's 500.)
     Our flexibility in capital allocation – our willingness to invest large sums passively in non-controlled businesses – gives us a significant advantage over companies that limit themselves to acquisitions they can operate. Woody Allen stated the general idea when he said: “The advantage of being bi-sexual is that it doubles your chances for a date on Saturday night.” Similarly, our appetite for either operating businesses or passive investments doubles our chances of finding sensible uses for our endless gusher of cash.
     Although Buffett is willing to draw parallels between the behavior of his company and bisexuals, he refuses to pose for any joke photos with business students implying teh gay.
     Unrelated: Earlier this year, Buffett tweeted a photo of himself as Breaking Bad's fictional meth manufacturer, Walter White.

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