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Worthwhile Benevolence of Warren Buffett

October 12th, 2010 at 06:38 am

The auction of having charity lunch with investment guru Warren Buffett set a world record of 2.11 million U.S. dollars, which surprised the world's richest man. Buffett recently said that his lunch time will not be extended because of the high bid. However, people who gained the opportunity with high-priced does not think its wasteful. The person who spent 650,000 US dollars on the lunch says that to communicate with the famous investor, every cent costed is worthy. This price was more than 3 times of the close price of last year, which broke the record of charity auction on ebay. Buffet told the reporter of the Association Press, "It takes me aback."09 Winter, the World of Sterling

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The lunch price increases every year, but the conversation time doesn’t grow. Why such opportunity can still attract more and more people? Guy Spier, CEO of American Aquamarine Capital Management Company, who bid to the opportunity, had lunch with Baffet as he wished. He explained personally after the lunch that such “pilgrim” is worth of it as he could listen to what this master has to say to him.Get Ready Fast – Quick and Easy Ways for
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While having dialogue, Spier asked his doubt on every specific issue, and Buffett always inspired him by showing a simple and philosophical viewpoint. During their lunch, Buffett often mentioned his own life as well as his way of dealing things. For example, when he was a child, his father taught him to make judgment based on what he thought was right or wrong, instead of others’ opinion. " It's very important to live your own life on your own standard," Spier quoted Buffett's saying. Just by asking yourself a simple question, you can figure out whether you’ve lived with this principle. And the question is that are you willing to be a finest sweetie to the world’s eyes, but the worst to your own, or you willing to be the finest sweetie to your own eyes, but worst to the world’ s? Buffett did very well when using this idea in invest: depend on himself completely, do investing in his own ability range, and cooperate with those who have the same concept of value.

Buffett didn't change his mind though he was criticized because he has been reluctant to invest in this area when the network economy developed rapidly in the late 90s of the last century. People who calmed down from the investment frenzy understand Buffett after the bubble economy broken. “Can you get a better example?” Spier said this in the weekly 《Time》, “Two days after we had lunch together, the price of the chance to have lunch with Buffett for the next year has come out in eBay, it is two million, one hundred thousand dollars. Fact proves that our sixty hundred and fifty thousand dollar is absolutely cheap. ”

On the day of releasing views of charitable lunch, Buffet visits the beverage brand D&Q of his Berkshire Hathaway Co.Ltd., tasting the newest ice cream and chatting with the local 6 cadettes. Buffett told those middle school or college girls it is better to read more books before they enter the invest world. “It would be much better, if you can ponder and research the investment.” Buffett said. When asked how should they manage financing in university by these girls, Buffet said that they should avoid using credit card because students are likely to slip into a credit debt due to relatively high interest rate. “If I borrowed money at the age of 18 or 20, I would be possibly broke then.” Buffett said.

Inspired by the late wife Susan, Buffett who have the reputation of "stock god" auctioned the opportunity of having lunch with him since 2000, and donated it to the San Francisco Glide Foundation to relief poverty hunger and homelessness. The auction had been held in San Francisco, but moved to ebay in two thousand and three.

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