southsider2k5 Posted June 26, 2006 Share Posted June 26, 2006 The Oracle of Omaha is giving away $37 of his estimated $44 billion fortune to charity. How incredible! http://www.bloomberg.com/apps/news?pid=100...=top_world_news Quote Link to comment Share on other sites More sharing options...
The Critic Posted June 26, 2006 Share Posted June 26, 2006 He's only doing it for the tax writeoff..... I guess he ignored my email about the "Critic Wants A Bunch Of Expensive s*** Foundation". Quote Link to comment Share on other sites More sharing options...
Soxy Posted June 26, 2006 Share Posted June 26, 2006 That's really refreshing. Quote Link to comment Share on other sites More sharing options...
CanOfCorn Posted June 26, 2006 Share Posted June 26, 2006 QUOTE(southsider2k5 @ Jun 26, 2006 -> 07:40 AM) The Oracle of Omaha is giving away $37 of his estimated $44 billion fortune to charity. How incredible! http://www.bloomberg.com/apps/news?pid=100...=top_world_news DAMMIT!!! I can't believe he announced it on the same day I gave $37 of my $44 fortune to charity. Thanks for taking my thunder, Warren! Quote Link to comment Share on other sites More sharing options...
FlaSoxxJim Posted June 26, 2006 Share Posted June 26, 2006 Really amazing. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted June 26, 2006 Author Share Posted June 26, 2006 For history buffs, it is interesting to see the group of guys that has been portrayed as the Robber Barons of our generation start to mimic them even more, with many of them giving away huge amounts of wealth as they age, and even becoming socially consious while doing so. I wonder in 100 years if we will see as many places named after Gates and Buffett as we do after Carnangie today? Quote Link to comment Share on other sites More sharing options...
rangercal Posted June 26, 2006 Share Posted June 26, 2006 I used to live in Omaha, NE home of Buffet. I used to hear all types of good things about him. Many times he mowed his own lawn. You can just walk up to him on a normal day and chat. Quote Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted June 26, 2006 Share Posted June 26, 2006 That's awesome. Cheers to the Oracle of Omaha! I think its particularly interesting using the Gates foundation, just because of the parallels. Gates himself originally wasn't into the charitable stuff at all, until his wife nudged him into it. Buffett was, it appears, inspired by his wife as well. Quote Link to comment Share on other sites More sharing options...
CanOfCorn Posted June 26, 2006 Share Posted June 26, 2006 QUOTE(NorthSideSox72 @ Jun 26, 2006 -> 12:04 PM) That's awesome. Cheers to the Oracle of Omaha! I think its particularly interesting using the Gates foundation, just because of the parallels. Gates himself originally wasn't into the charitable stuff at all, until his wife nudged him into it. Buffett was, it appears, inspired by his wife as well. I can hear the conversation now: "Warren, honey, think of your legacy." *rolling around on bed covered in money* "Screw my legacy!" "Oh, Warren." *laugh track* I hope this money gets put to good use. Quote Link to comment Share on other sites More sharing options...
Soxy Posted June 26, 2006 Share Posted June 26, 2006 QUOTE(southsider2k5 @ Jun 26, 2006 -> 12:50 PM) For history buffs, it is interesting to see the group of guys that has been portrayed as the Robber Barons of our generation start to mimic them even more, with many of them giving away huge amounts of wealth as they age, and even becoming socially consious while doing so. I wonder in 100 years if we will see as many places named after Gates and Buffett as we do after Carnangie today? I think, at least gauging from what I know about the Gate's charity, a lot of the money will go overseas (like the article said) for immunizations and basic health and life issues. I recently saw an interview with the Gates' and they are also big crusaders for reform in the US educational system, so we may see a lot of poor inner city and rural schools named after them. Quote Link to comment Share on other sites More sharing options...
Kid Gleason Posted June 27, 2006 Share Posted June 27, 2006 On the news tonight they showed just what exactly 3 billion dollars a year is capable of doing if used right. It was quite stunning and gave a glimmer of hope to the future. Then they followed it up with a story about some terrorist acts overseas and it really came crashing back to reality. Whilst some wish to just help humanity, there will always be some asshole out to destroy it. Quote Link to comment Share on other sites More sharing options...
bmags Posted June 27, 2006 Share Posted June 27, 2006 fantastic...cue john stossel complaining about how that money should have been reinvested in his own companies... Quote Link to comment Share on other sites More sharing options...
LowerCaseRepublican Posted June 27, 2006 Share Posted June 27, 2006 QUOTE(bmags @ Jun 26, 2006 -> 11:09 PM) fantastic...cue john stossel complaining about how that money should have been reinvested in his own companies... Wait.... Somebody gives a s*** about John Stossel?! Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted June 27, 2006 Author Share Posted June 27, 2006 QUOTE(Kid Gleason @ Jun 26, 2006 -> 11:05 PM) On the news tonight they showed just what exactly 3 billion dollars a year is capable of doing if used right. It was quite stunning and gave a glimmer of hope to the future. Then they followed it up with a story about some terrorist acts overseas and it really came crashing back to reality. Whilst some wish to just help humanity, there will always be some asshole out to destroy it. They said the $37 billion could feed 350 million people or about 6-7% of the planet for an entire year. Quote Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted June 27, 2006 Share Posted June 27, 2006 QUOTE(southsider2k5 @ Jun 27, 2006 -> 07:30 AM) They said the $37 billion could feed 350 million people or about 6-7% of the planet for an entire year. You know, now that I think about it, here is an idea for a grand experiment. Take that $37 billion, and fund a small, poor African country for a few years... entirely. Seriously. Budget the country for that period. Food and health care, a few roads built, some infrastructure, etc. One huge, focused push for one country. See where it goes. Quote Link to comment Share on other sites More sharing options...
Kid Gleason Posted June 27, 2006 Share Posted June 27, 2006 QUOTE(southsider2k5 @ Jun 27, 2006 -> 07:30 AM) They said the $37 billion could feed 350 million people or about 6-7% of the planet for an entire year. Bet you could feed more if you took them to Old Country Buffet. I hear that place has killer deals. Quote Link to comment Share on other sites More sharing options...
HuskyCaucasian Posted June 27, 2006 Share Posted June 27, 2006 I really wish more people would adopt his philosophy: I earned my money, I'm going to make my children and grandchildren earn it too! Quote Link to comment Share on other sites More sharing options...
Soxy Posted June 27, 2006 Share Posted June 27, 2006 QUOTE(Athomeboy_2000 @ Jun 27, 2006 -> 03:04 PM) I really wish more people would adopt his philosophy: I earned my money, I'm going to make my children and grandchildren earn it too! I think he's not donating like 7 billion dollars. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted June 27, 2006 Author Share Posted June 27, 2006 QUOTE(Soxy @ Jun 27, 2006 -> 02:18 PM) I think he's not donating like 7 billion dollars. I was just going to say that... I think the kids will be OK. Plus not all of the money Buffett is donating is going to the Gates Foundation, a good chunk of change is going to his kids and grandkids own charitable orgainizations. Quote Link to comment Share on other sites More sharing options...
shoota Posted June 27, 2006 Share Posted June 27, 2006 How did he make his fortune, and are there any good books on his rise? Quote Link to comment Share on other sites More sharing options...
bmags Posted June 28, 2006 Share Posted June 28, 2006 QUOTE(NorthSideSox72 @ Jun 27, 2006 -> 02:04 PM) You know, now that I think about it, here is an idea for a grand experiment. Take that $37 billion, and fund a small, poor African country for a few years... entirely. Seriously. Budget the country for that period. Food and health care, a few roads built, some infrastructure, etc. One huge, focused push for one country. See where it goes. surely they'll go corrupt and lazy! greeeeen Quote Link to comment Share on other sites More sharing options...
CrimsonWeltall Posted June 28, 2006 Share Posted June 28, 2006 I think he said that he wanted to leave his kids enough money so they could do anything, but not so much that they could do nothing. Quote Link to comment Share on other sites More sharing options...
NUKE_CLEVELAND Posted June 28, 2006 Share Posted June 28, 2006 QUOTE(CrimsonWeltall @ Jun 27, 2006 -> 11:08 PM) I think he said that he wanted to leave his kids enough money so they could do anything, but not so much that they could do nothing. And that's how it should be. Good for him. Quote Link to comment Share on other sites More sharing options...
Soxfest Posted June 28, 2006 Share Posted June 28, 2006 I will take a Billion Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted June 28, 2006 Author Share Posted June 28, 2006 QUOTE(shoota @ Jun 27, 2006 -> 06:09 PM) How did he make his fortune, and are there any good books on his rise? Are you serious? Quote Link to comment Share on other sites More sharing options...
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