As one of the investment strategies Buffett uses nontraditional methods to gather distressed assets such as changes in the Tax Law demonstrated below:
"Investor Warren Buffett went shopping for new corporate acquisitions Monday using a newspaper ad.
The ad, which cost billionaire Buffett $47,000, went on to describe changes in the tax code that will raise effective tax rates on business owners who sell out next year as opposed to 1986. It asked interested parties to call Buffett at his Omaha office at Berkshire Hathaway Inc., of which he is chairman, and assured them of a speedy thumbs up or thumbs down.
"Your inquiry will be totally confidential," the ad continued. "We use no staff, and we don't need to discuss your company with consultants, investment bankers, etc. You will deal only with Charles Munger, vice chairman of Berkshire, and with me." - as appeared in this newspaper ad.
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