Buffett delivers news and a tune at Omaha press club show

Sun Apr 1, 2012 3:09pm EDT
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COUNCIL BLUFFS, Iowa (Reuters) - Investor Warren Buffett learned more than economics and thrift as a paper boy during the 1940s when he earned the $5,000 that launched the investments that grew into Berkshire Hathaway Inc.

He also learned how to fold and tightly tuck newspapers into themselves so they wouldn't fly apart when pitched to porches.

Buffett, 81, demonstrated he still had the knack Saturday during a guest appearance at the annual Omaha Press Club Show, which pairs tunes with lyrics that spoof regional events and skewers and roasts newsmakers.

Dressed as a World War II-era street-corner newsboy with a bag of newspapers at his left hip, Buffett folded and tossed copies of the Omaha World-Herald into the crowd of 500 while singing "I'm Only a Paperboy" to the tune of the 1933 song, "It's Only a Paper Moon:"

"I'm only a paperboy

Just as happy as I can be

'Cause the money you pay for this

It all goes to me."

Buffett, chairman of Omaha-based Berkshire Hathaway, bought the employee-owned Omaha World-Herald for $200 million in December. The title of the show on Saturday was "Warren's Herald."   Continued...

Berkshire Hathaway Chairman Warren Buffett shouts the slogan "Never give up, Iwaki" in Japanese, in response to a request from a local television reporter that he do so, at the end of his news conference after the opening ceremony of Tungaloy Corp's new plant in Iwaki, Fukushima Prefecture November 21, 2011. REUTERS/Kim Kyung-Hoon