
72 Becoming the real deal
‘Sure,’ he said. ‘Come along.’
I was left alone with a humbled ego and a bill for £45 for two
glasses of champagne and a glass of house red wine.
‘Can we borrow one share?’
One of our early trades involved taking a long position on an
investment company with diversified financial interests, which
included some shares in Berkshire Hathaway, the company run by
investment guru Warren Buffett. To get the most accurate hedge, we
found ourselves in the odd position of having to sell short his share.
Because of the high price of a Berkshire share (around $50,000), we
only needed to short one share to be ...