The CEO of American multinational holding company Berkshire Hathaway was once challenged by Mr Woods to play golf against the 15-time Major winner. And Mr Woods offered to assist him – by playing on his knees. Tom Mendoza, the former president of NetApp, described the moment in a LinkedIn post.
It happened during a charity auction in February 2001, which boasted a trip to Florida to play with Mr Woods as the final lot.
When Mr Buffett offered to caddie for the victor, Mr Mendoza secured the lot with a bid of $650,000, eventually having Mr Buffet caddie for him for all 18 holes.
At the final hole, Mr Woods challenged Mr Buffett: “For $5, I’ll play you on my knees.”
The business tycoon agreed and after hitting his second shot into the water, and according to Mr Mendoza, “he looked at Tiger (still on his knees in the middle of the fairway) with the ‘I’m 71, haven’t played all day, how about a mulligan’ look.”
But Mr Buffett’s loss was evident and he had no choice but to admit it.
However, when asked by Mr Munger how the round went, Mr Buffett said: “On 18, I brought him to his knees.”
Mr Buffett himself told the story during an appearance on CBS News, adding that despite giving Mr Woods his $5 prize, he told him: “The caddie gets 10 percent of your winnings, so give me 50 cents back.”
Mr Buffett, has been named by Bloomberg’s Billionaires Index as the seventh richest person in the world, is known to have way with words, especially when it comes to giving investment advice.