I actually found this one while reading the Berkshire's 2007 Annual Letter to Shareholders.
"A story I told you some years back illustrates our problem in accurately estimating our loss liability:
A fellow was on an important business trip in Europe when his sister called to tell him that their dad had died. Her brother explained that he couldn't get back but said to spare nothing on the funeral, whose cost he would cover. When he returned, his sister told him that the service had been beautiful and presented him with bills totaling $8,000. He paid up but a month later received a bill from the mortuary for $10.
He paid that, too - and still another $10 charge he received a month later. When a third $10 invoice was sent to him the following month, the perplexed man called his sister to ask what was going on.
"Oh," she replied, "I forgot to tell you.We buried Dad in a rented suit.""
Can you believe that was actually from an Annual Letter to Shareholders?
Goodness!
I never knew reading these letters could be fun!
Hahahahaha
And may God bless Buffett for his gems.
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