Category Archives: Bill Gates-Warren Buffett

Are you bidding on lunch with Warren Buffett?

Bidding is underway to win a lunch with Warren Buffett. For the past 13 years, Buffett has
8724cb759aa1800f110f6a7067006d85.jpgauctioned lunch to raise money for the Glide Foundation in San Francisco.

Bidding ends Friday, so you still have time. Lunch with Warren won’t come cheap, though.

Ted Weschler paid $5.3 million over two years to win lunch with the man many consider to be the smartest investor in the universe.  A lot of money, but it landed Weschler a job with Buffett’s company, Berkshire Hathaway.

The Glide Foundation is a charity organization whose mission is “to create a radically inclusive, just and loving community mobilized to alleviate suffering and break the cycles of poverty and marginalization.”

Lunch with Buffett is expensive, but it’s for a good cause.

Click here for more on Glide and the Buffett lunch auction.

Photo: File photo from May 7, 2012, Warren Buffett, chairman and CEO of Berkshire Hathaway, gestures in Omaha, Neb. (AP Photo/ Nati Harnik)


Buffett boosts bet on newspapers

The newspaper industry got a dose of good news today with word that billionaire Warren
1e5ec597e241f20c0e0f6a7067003053.jpgBuffett’s company Berkshire Hathaway is buying 63 papers from Media General Inc. for $142 million.

The deal includes the Richmond Times-Dispatch and would give Buffett 25 dailies across the coutnry.

Newspapers have had tough times in recent years, but Buffett apparently sees a brighter future as papers implement paywalls for their online products.

“We may buy more newspapers. I think the economics work out OK,” Buffett told shareholders at Berkshire’s annual meeting earlier this month.

More details:

Reuters: Warren Buffett to buy Media General newspapers

Poynter: Media General, Warren Buffett agree on paywalls

Washington Business Journal: Warren Buffett to buy Media General



Buffett on banks, Europe, Google and more

Warren Buffett, chairman of Berkshire Hathaway, covered a lot of topics this morning in an interview with CNBC.1e5ec597e241f20c0e0f6a7067003053.jpg

He’s not worried about the global sell-off or Europe’s long-term prospects — it’s a big market and it’s not going away. Apple and Google are too risky for him.

America’s banks are in good shape and the United States did a good job of dealing with the financial crisis in 2008.

Fascinating stuff. Click here for the video.

Photo: In this May 5, 2012, photo, Warren Buffett, chairman and CEO of Berkshire Hathaway smiles on the exhibit floor where Berkshire products aer showcased, prior to the annual shareholders meeting in Omaha, Neb. (AP photo/ Nati Harnik)

Would you pay $2M for a Buffett lunch?

High-rollers who want to have lunch with one of the richest men in the world can start planning
Economy+Leaders.jpgtheir auction strategy.

Once again, San Francisco charity GLIDE is raising money by sponsoring an eBay auction for lunch with billionaire Warren Buffett. The investment guru has raised nearly $9 million for GLIDE in the past 11 years by having lunch with other rich people.

Last year, an anonymous auction winner paid almost $2.63 million for a power lunch with Buffett at a New York steakhouse.

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Bill Gates: Helping the poor is a good investment

Gates+Foundation+Polio.jpgBill Gates has it right. Corporate America and our political leaders should pay attention.

In his third annual letter released toay, Gates expresses grave concern about current economic problems forcing rich countries worldwide to cut financial aid to countries that need help.

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Will Gates-Buffett plan work?

When two of the world’s richest men speak, they get attention. That was the case yesterday when Bill Gates and Warren Buffett pitched their campaign to get other super rich guys to join them in pledging at least half of their fortunes to charity.

I goggled Gates + Buffett + charity and got 5.2 million hits in 0.33 seconds. That’s a lot of chatter.

Certainly, there are many deserving charities that could use the money. But maybe Bill and Warren should think about going another way. How about giving part of their fortunes to the federal government to pay down that multi-trillion dollar debt that just keeps growing?

On second thought, giving the government free money probably isn’t such a hot idea. Charity is the way to go.

Bottom line: You have to be impressed with Gates’ and Buffett’s commitment to give back. It will be interesting to see if other billionaires follow their lead.

Here’s a look at some of the global chatter. Gates, Buffett to megarich: Give it up : Gates, Buffett Raise the Philanthropy Stakes

Political Economy, John Tamny:  If Charity Is Their Goal, Gates And Buffett Should Horde Their Wealth 

The Guardian, London: Gates, Buffett lobby the rich for donation pledges Is Buffett & Gates Pledge Really Such a Good Idea ? 

Everything Warren Buffett blog: Warren Buffett’s Pledge