M10:00
在 Berkshire Hathaway 之外，你个人做过的最有意思或者最好玩的投资是什么？
Outside of Berkshire Hathaway, what is the most interesting or fun personal investment you have ever made?
这个嘛，通常都是你从里面赚了很多钱的时候，才会显得更有意思、更好玩。
Well, they're always, they're always more fun when you make a lot of money off of them.
嗯，我有一次买过一只股票。
Well, I bought stock one time.
我买的是 Atled。
I bought Atled.
我买了 Atled Corp. 的一股股票。这个词拼作 A-T-L-E-D。Atled 当时一共流通了九十八股，我买了一股。
One share of stock in the Atled Corp. That's spelled A-T-L-E-D. And Atled had 98 shares outstanding, and I bought one.
这可不是那种你会称之为流动性很好的证券。
And not what you call a liquid security.
而且 Atled 其实就是 Delta 倒着拼出来的。St. Louis 有一百个人，每人凑了五十美元或者一百美元之类的，在 Louisiana 组了一个打鸭子俱乐部，他们还在那边买了一块地。
And Atled happened to be the word Delta spelled backwards, and 100 guys in St. Louis had each chipped in $50 or $100 or something to form a duck club in Louisiana, and they bought some land down there.
结果这100个人里，有两个人没按约定把那一百美元拿出来，所以最后就只有九十八股流通。他们去了 Louisiana 打鸭子，不过显然有人朝地上开了几枪，然后石油就喷出来了。
Two guys didn't come up with their— there were 100 of them, two of them defaulted on their obligation to come up with $100, so there were 98 shares out, and they went down to Louisiana and they shot some ducks, but apparently somebody fired a few shots into the ground and oil spurted out.
那些 Delta Duck Club 的股份——我想 Delta Duck Club 那块油田现在可能还在产油——我是四十年前买的，当时每股是两万九千二百美元。
And those Delta Duck Club shares, and there's, I think the Delta Duck Club field is still producing, but I bought stock in it 40 years ago for $29,200 a share.
而且它当时账上就有那么多现金，产量也很高，后来他们把它卖掉了。
And it was, it had that amount in cash, and it was producing a lot, and they sold it.
如果他们一直留着，那只股票现在每股可能值两百万到三百万美元，但他们把它卖给了另一家石油公司。
If they kept it, that stock might have been worth $2 or $3 million a share, but they sold out to another oil company.
不过那肯定是我经历过最有意思的一件事。
But that was certainly the most interesting thing.
其实我当时手里根本没现金，所以我还专门去借了这笔钱。
Actually, I didn't have any cash at the time, and I went down and borrowed the money.
我是替我太太买的，我借了这笔钱以后，贷款专员还问我，要不要顺便再借点钱买一把猎枪？
I bought it for my wife, and I borrowed the money, and the loan officer said, would you like to borrow some money to buy a shotgun as well?
Charlie，跟他们讲讲你错过的那个。
Charlie, tell them about the one you missed.