我看到他做的第一笔交易是在2008年。他做了这件事是公开的，但他大多不会真正宣布。他当时试图收购伯灵顿北方铁路。
The first deal I saw him make was in 2008. It was publicly known that he made it, but he mostly doesn't really announce it. He was trying to buy Burlington Northern Railway.
我看着它，心想：“嗯，也许这条铁路值每股120美元。”它的交易价格在80美元左右。这是伯灵顿北方铁路公司。我知道巴菲特正试图收购它。
I was looking at it and thinking, "Well, maybe this railroad is worth $120 a share." It is trading at around $80. This is Burlington Northern. I know that Buffett is trying to buy it.
他向人们出售针对一家他并不拥有的公司的保险单。这保证了他们如果愿意，可以离开那家公司。如果大火继续燃烧，而他们想要脱身，沃伦就是买家。他们付给他巨额资金来承担这一风险。
He sells people insurance policies against a company he does not own. It guarantees them the possibility of leaving that company if they wish to do so. If the fires continue to burn and they want to get out, Warren is the buyer. They pay him huge sums of money to take that risk.