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Peter Boodell Berkshire Meeting Notes!


Parsad
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Thanks

 

"When we bought HD bonds at 15 we should have bought the stock, but that will always be the case."

 

Is this a typo or did Buffett really buy HD bonds? And did they really trade down to 15?

 

I'd assume that if he's talking about Home Depot, then he means 15 as in 15% yield to maturity, but haven't looked into it

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Thanks nice notes

 

Answer to Question 9 Buffett says

 

"We are spending close to $3bil on a Canadian company, and we will be better off and that was best thing to do that day with that $3bil."

 

Interesting

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