Thursday, September 25, 2008

Warren Buffett: Walk Like a Banker, Talk Like a Sailor?

(Wall Street Journal-Deal Journal Blog) Many deal makers use the language of relationships to describe M&A. An acquisition often is said to be a “marriage,” a bidder is a “suitor,” and early talks are “courtship.”

But Warren Buffett often employs, well, earthier imagery that belies his wholesome, Cherry Coke-sipping image. We were reminded of this in reading this Wall Street Journal in which the Oracle of Omaha explained his reaction this year when asked if he wanted to hear more about investing in Bear Stearns.
“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.”

Read the entire article

No comments: