Warren Buffett once compared himself to Mike Tyson and sold life insurance to the boxing champion
November 16, 2020 by Theron Mohamed
Warren Buffett, the billionaire investor and Berkshire Hathaway CEO with a junk-food habit, and Mike Tyson, the former world heavyweight-boxing champion with a cameo in “The Hangover,” don’t have much in common at first glance.
However, Buffett’s company crafted a life-insurance policy for the puncher a quarter of a century ago.
“We insured the life of Mike Tyson for a sum that is large initially and that, fight-by-fight, gradually declines to zero over the next few years,” the investor wrote in his 1995 letter to shareholders.