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Thursday, October 09, 2008 1:33:45 PM
Buffet: "OK, Doug, let's go on this RRLB.. I want to start aggressively on this one.. let's start with 500,000 shares but do it quietly over the course of the next few sessions, I don't want to spook the market".
Doug: "Uh.. sir... umm.. that's only $1,750."
Buffett: "WTF??? Er... OK.. my bad.. let's make it ...um... 5 million shares.."
Doug: "Um.. Mr. Buffet.. that's only $17,500... usually when you go heavy you start with around $20 million."
Buffett: "Oh.. right.. ok .. just get $20 million worth of stock. How many would that be??"
Doug: "Uh.. that would be around 5.7 billion shares... but sir.. the company doesn't have that many shares... it's only got just over 1.3 billion... "
Buffett: "Aw screw it then... just get the money out of petty cash and go buy the company... can you handle that?"
Doug: "Uh.. yessir.. right away"
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