Warren Buffett Reveals Longstanding Love of Chinese Suit Maker

HONG KONG – Steve Jobs had Issey Miyake black turtlenecks. Warren Buffett has Trands suits. Earlier this week, the American investor may have confessed that he’s “baffled by retail” but there was a time when he actually thought of venturing into the fashion business. A long-standing love affair with suits made by Chinese company Dalian Dayang Trands had the Berkshire Hathaway chairman and chief executive officer “thinking of opening up a men’s clothing store.” In a segment that aired on CNBC earlier this week, the 86-year-old businessman fielded a question from a viewer: “How many suits do you have at home?” The viewer estimated that the famously frugal investor, who still lives in his original Omaha, Nebraska home, had about five in his closet. “He would be right except for the fact that I met a woman in Dalian, China many years ago, Madam Li,” Buffett answered. >>MORE: Tiffany Trump’s Go-To Fashion Label Is Taoray Wang He went on to describe his 2007 encounter with Li during a visit to the northeastern Chinese city. Li sent her staff to surprise Buffett at his hotel and to take his measurements so that she could gift him some suits. The move worked and he’s been a fan ever since, even getting

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