Let me check with my CPA
By Bradley Inman, Thursday, March 1, 2007.Bookmarking Sites
Today, legendary investor Warren Buffett issues his annual letter to shareholders. Everyone loves to read his folksy perspective on BH holdings along with his views on other topics. Tune into the Berkshire Hathaway Web site at 2 p.m. Central Time, which is when it will be posted on the Web site. [PS: He usually comments on real estate when updating investors on HomeServices, which BH owns.]
When I was a much younger man, I got to know Charlie Munger, Warren Buffett’s Vice Chairman. He is a real estate attorney and owned the Los Angeles Daily Journal, where I edited a publication for him.
Once, I was invited to a lunch with him at the famed Jonathan Club in downtown LA along with a colleague of his from Hollywood, a fellow named Steve is all I remember.
I was pitching ideas for a digital media (pre-Internet) venture.
When I was done, Charlie said that he and Steve (the colleague) did not need to check with their CPA to pursue a venture with me. Charlie said that was a good thing because if they met with someone and one of them said "we must check with our CPA, it was code to each other that this guy was a crazy pyschotic a______."
We never did a deal, but if you ever hear me say, "I must check with my CPA", you'll know what I mean.
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