Investing News Blog

Saturday, July 01, 2006

Warren Buffett Lunch

Warren Buffett's annual lunch for charity has almost doubled in value this year. In 2005 an anonymous bidder paid an impressive $350,000 to dine with the billionaire stock market investor. This year the 45 year old Californian investor Yongping Duan has won the auction on Ebay for $620,100.
That's one expensive steakhouse meal!

Chance to Dine With Buffett Sells for $620,100 in EBay Bidding
Duan gets to bring seven friends to a New York steakhouse to query Buffett, the world's second-richest man, about his business strategy and investment philosophy. The 75-year-old chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc. transformed a failing textile manufacturer into a $142 billion holding company by acquiring out-of-favor securities and businesses in dozens of industries. Bloomberg

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