Buffett lunch costs 1.68m dollars
In this article you can read that the firm Salida Capital, a Canadian investment firm, paid 1.68 million US dollars to lunch with the famous investor Warren Buffett. If you donated money to the Glide Foundation, which provides social services to the homeless and the poor inhabitants of San Francisco, you could win a lunch with Warren Buffett. Warren Buffett holds this contest each year, and the winner of the year 2008 paid even 2.1 million US dollars. The only reason why those firms would donate something is to have a good discussion about different topics with investor Warren Buffett and to get some good advice for the future of the world’s richest man on the Forbes list of 2008.
I think that it is crazy to pay all the money, if you know that the money goes to charity. Maybe that’s a good fact in this deal; “benefit”. On the other hand, the Canadian firm won a lunch with the best investor from this time, so maybe if they’ve got some good advice of him, they can win back the money they’ve paid. So maybe if the company is lucky, this could be a good investment at time. Buffett is also very clever: he knows that people aren’t going to donate that amount of money to charity, and by giving a nice price for the biggest giver, he is certainly able to make more people donate.
http://www.express.co.uk/posts/view/159967/Buffett-lunch-costs-1-68m-dollars
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Dear Nicolas
BeantwoordenVerwijderenWarren Buffet, the guru of investing, is the person who can make you rich. His experience and knowledge make him a total package. Without a doubt, if there were more people who could afford a lunch with him, they should do this. Not for his popularity but because of what he can offer. His rules and strategy are so good that he had become: the richest investor of the world. So his secrets are more valuable than his money, because with his secrets money making is easy. So, that’s the reason why high amounts of money are spent to have a lunch with him.
Winning a lunch with the best investor of this time looks really exclusive. It’s a one chance in a lifetime. According to what you’ve said, I am convinced that such a lunch can turn out profitable. With the right strategy, the future can be in your hands. Therefore, you need to know the best strategy, so Warn Buffet is the person who can help you by telling you what you need to do to make your future investments (even) more profitable. So I don’t think that it’s crazy why people want to pay a lot of money to have a talk with him.
Like, you’ve said, you can win your money back if you’ll invest first in him. This could definitely turn out lucrative but it is also risky because we are talking about big amounts of money.
The last thing I would like to say is that he is a very clever person because he makes the world even better, he doesn’t always look at his own because he sees himself as a price for charity. The biggest giver to a charity foundation gets a business lunch with him. We also have to considerate that this turns out profitable for his popularity.