Skip to comments.Omaha's Oracle of Style Sings the Praises of a Chinese Suit (Warren Buffet's Red Sympathies)
Posted on 09/23/2009 11:19:19 PM PDT by nickcarraway
Buffett Tapes a Testimonial for Ms. Li; President Hu's Wardrobe in the Closet
America's foremost capitalist may not have much in common with China's top Communist, but Warren Buffett and Hu Jintao do appear to share the same clothier.
Move over Brioni, the truly rich and powerful are wearing Trands.
The obscure menswear label is produced by Dayang Group, a clothing company founded by Li Guilian, 63 years old, a diminutive farmer-turned-fashion mogul, in northeast China.
Ms. Li's company got a major boost after Mr. Buffett, chairman and chief executive of Berkshire Hathaway Inc., recently appeared in a Dayang promotional video, posted on the company's Web site. He heaped praise on Ms. Li, her company, and the nine Trands suits he proudly owns. Shares of Dayang's Shanghai-listed subsidiary, Dalian Dayang Trands Co., have soared by more than 70% since the video was posted on Sept. 10.
While not known as a fashion plate, Mr. Buffett says his Trands suits transformed his image. "They're comfortable and people tell me they look good," says Mr. Buffett, reached this week at his office. "I went 78 years before I got a compliment on my appearance."
Mr. Buffett, who says he has no ownership stake in Dayang, especially likes that his new suits are wrinkle-resistant. "If I am on a trip and wearing them day after day, they don't wrinkle," he says. He says he gave his old suits to charities.
The video was made at Ms. Li's request to commemorate her company's 30th anniversary this month. In it, Mr. Buffett tells viewers that he has recommended the brand to his business partner at Berkshire Hathaway, Charlie Munger, and to his billionaire buddy and Microsoft Corp. founder, Bill Gates.
(Excerpt) Read more at online.wsj.com ...
Not without a fair helping of sexual innuendoes, knowing Mr. Buffett.
QUICK! Warn Becky Quick! Quick!
Ill say it, There comes a point, where the CHicoms are seeming more capitalist than us. They manufacture and sell everything. All they think about is money.
This is a world i never thought i would see.
Its easy to be a liberal when your doing it from your limousine.
Wonder if Buffett, Munger or Gates gets these suits scanned for bugs...I think the ChiComs would love to be able to hear these Limo Libs discussing their next big move! When the Left finally Sovietize the US will they butcher the Lib Media and Ultra Wealthy, Buffett & Gates?
Where does Hillary buy her Mao pant suits?
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