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Carol Loomis, Warren Buffett and Coastal States Gas


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Hello All!


I was listening to the Longform Podcast interview with Carol Loomis and Loomis mentioned something that piqued my curiosity at around 28:55:



She talks about how upon first meeting Buffett in 1967, they clicked on a little bit of financial minutia where they had both been looking at a company, Coastal States Gas, where there were revenues in the footnotes that weren't in the financial statements. I looked for more about this incident and found this interview:



After some digging, I found the annual reports she was talking about. It's an interesting situation. Screenshots are attached.




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