Warren Buffett lost a bet to Tiger Woods on the golf course. The investor saved face with a clever turn of phrase.

Warren Buffett Tiger Woods Tom Mendoza Warren Buffett, Tiger Woods, and Tom Mendoza.

Warren Buffett lost to Tiger Woods despite the golfer kneeling while playing.Buffett joked afterward that he fetched Timbers “to his knees.”Buffett lost their$ 5 speculation, but required 50 cents back for his trim as caddie.See more fibs on Insider’s business page.

Warren Buffett lost a bet with Tiger Woods on the golf course. However, the billionaire investor and Berkshire Hathaway CEO repaired his honour with a adroit turn of phrase.

Tom Mendoza, the former chairwoman of NetApp, marked the 20 th anniversary of the occurrence by recount it in a LinkedIn post. Mendoza attended a donation auction in February 2001, where the final fortune was a trip to Florida via private jet-black for a round of golf with Tiger Woods.

As the orders clambered, Buffett announced he would caddie for the champion. Mendoza couldn’t resist that proposition, so he made the prevailing offer of $650,000 and flew to Florida the following month.

True to his text, Buffett proved up at the first loophole in a white caddie jumpsuit, Greg McLaughlin, the president of the Tiger Woods Foundation at the time, provided comments on Mendoza’s announce. The business tycoon caddied of the working group for all 18 faults, he added.

Mendoza recollected Woods made a bet with Buffett at the final fault. “For$ 5, I’ll romp you on my knees, ” the golfer said.

Buffett agreed and used one of Mendoza’s clubs to make a passable shot. Timbers, while kneeling, drove his bullet 250 gardens down the midriff of the fairway. Buffett reached his second shot into the water.

“He looked at Tiger( still on his knees in the middle of the fairway) with the’ I’m 71, haven’t represented the working day, how about a mulligan’ look, ” Mendoza said. Woods refused to give him a do-over, reached the putting green with his next shot, and made Buffett’s coin, the tech administration added.

Buffett formulated his loss differently when he spoke to his right-hand man, Charlie Munger, on the plane ride home with Mendoza. When Munger asked how the round with Woods started, Buffett replied, “On 18, I accompanied him to his knees.”

The Berkshire chief computed another item when he told the story to CBS News. After Woods won their bet, Buffett passed him$ 5 but prompted the golfer of a key fact.

“The caddie comes 10% of your winnings, so gives people 50 cents back, ” he quipped.

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