As the cold weather starts to set in, I thought we could all use a few chuckles today. I’m currently reading “The Warren Buffet Way” and got a kick out of this paragraph (pg 89):

Buying an underwear maker [Fruit of the Loom] creates lots of opportunities for corny jokes, and Buffet, an accomplished punster, made the most of it. At the 2002 shareholders meeting, when asked the obvious question, he teased the audience with a half answer: “When I wear underwear at all, which I rarely do…” Leaving the crowd to decide for themselves whether it’s boxers or briefs for Buffett. He pointed out why there’s “a favorable bottom line” in underwear: “It’s an elastic market.” Finally, he deadpanned, Charlie Munger had given him an additional reason to buy the company:

“For years Charlie has been telling me, ‘Warren, we have to get into women’s underwear.’ Charlie is 78. It’s now or never.”