Tag Archives: charity

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)

 

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.

MSNBC.com: Gates, Buffett to megarich: Give it up

Forbes.com : 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

AllVoices.com: Is Buffett & Gates Pledge Really Such a Good Idea ? 

Everything Warren Buffett blog: Warren Buffett’s Pledge