It was in 2008 that Warren Buffett was on the receiving end of many phone calls from New York and Dick Fuld, Lehman’s former chief executive, and others with the deal of the month for Berkshire to come to the rescue of that financial disaster of an investment bank known as Lehman Brothers.
What did Warren Buffett do? He read the Lehman annual report, asked a few questions (got answers he didn't like), ate some more ice cream (his favorite dish), and then stopped answering phone calls from New York (effectively saying no to the deal).
Read further about the Lehman soap opera:
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