investors known for marrying folksy business wisdom and aberrant sex fetish

For the uninformed, this is not new:

On stocks being undervalued: “I like an oversexed guy in a whorehouse.”

On the acquisition of Dexter Shoe: “A line from Bobby Bare’s country song explains what too often happens with acquisitions: ‘I’ve never gone to bed with an ugly woman, but I’ve sure woke up with a few.'”

On Bear Stearns: Mr. Buffett received a call at 4:30 p.m. that Saturday from a private investment firm trying to assemble a group to buy the embattled financial giant. “I’m calling about Bear Stearns,'” the private investor began, according to Mr. Buffett. “Should I go on?'” Mr. Buffett recalls thinking: “It’s like a woman taking off half her clothes and asking, ‘Should I continue?’ Even if you’re a 90-year-old eunuch, you let ‘em finish.” Mr. Buffett says he passed on the proposed deal. Bear Stearns was bought by J.P. Morgan Chase & Co. the following day. Read more »

  • 18 Oct 2010 at 5:14 PM

Warren Buffett Discusses His “Worst Trade Ever”

“Omaha, 1949. I was 19 and as a late developer, yet to dip Little Warren in something sweet. Flush with cash from a summer job, my friends blindfolded me and threw me in the back of a pick-up, then dropped me off in front of the Milner family farm, which Mr. Milner had turned into an after-hours brothel earlier that year (his daughters, the milkmaids by day, also served as the “milk”-maids by night, if you catch my drift). Well I just got so excited to get my teats suckled, Becky, that I started pulling money out of my pockets and handing it to one of the girls and before I knew it we were up in the rafters, hay and whatnot flying everywhere, the whole barn is shaking, the chickens are going nuts and it wasn’t until later I found out for the price I paid I could’ve had all three of ‘em and gotten the reverse double fisted butter churn. To this day, never again have I mispriced vaginal assets.” Read more »