Buffett Joke - No Staffing Papers Because We Don't Have Any Staff

Brief clip from annual meeting. Buffett: 'Somebody once subpoenaed our staffing papers on some acquisition and of course not only did we not have any staffing papers, we didn't have any staff.' Classic Buffett joke illustrating Berkshire's famously lean corporate headquarters structure - no bureaucratic staffing reports or analysis because Berkshire doesn't have large corporate staff to begin with. Contrast with typical conglomerates that would have extensive staffing papers and committees for major acquisitions.