Warren Buffett Power Lunch to Benefit Glide Foundation

Submitted by CheetahCapital on Wed, 06/25/2008 - 10:48.

100% Benefits the Glide Foundation & it's Many Services

This is the chance of a lifetime to experience first hand the one-and-only Warren Buffett. As CEO of Berkshire Hathaway, Mr. Buffett is the world's greatest investor and the richest person in the world (according to Forbes in March 2008). He is famed for his strikingly successful investment strategies and is as well known for his personal integrity as his business savvy. He is, quite simply, a legend, and he will sit down with you and up to seven of your friends for lunch.

Value: Priceless. Donated by: Warren Buffett.

100% of proceeds from the winning bid will benefit the Glide Foundation, one of the most effective institutions working to alleviate human suffering and poverty in the San Francisco Bay Area. Mr. Buffett has described Glide as “maybe the most effective organization I’ve seen for people down on their luck.”

Mr. Buffett will dine with the winning bidder and up to seven friends at Smith and Wollensky in New York, which has been called “the steakhouse to end all arguments” by The New York Times. A mutually agreed upon date and time for the lunch will be selected by Mr. Buffett and the winning bidder.

All bidders must pre-qualify. The opening bid is $25,000.
This package does not include any items, services, travel or accommodations that are not detailed in the above description.

About Glide.org (non-profit organization):
Glide's mission is to break the cycles of multi-generational dependency, poverty, and low self-worth by providing a spiritual home of unconditional love. Glide strives to create a healthy community by offering effective services that foster holistic healing in an environment of cultural integrity and diversity.

Click here to go to Warren Buffett Power Lunch auction (the lunch is auctioned on eBay).

"If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent."
~ Warren Buffett

Background: Who is Warren Buffett?

Warren Edward Buffett (born August 30, 1930, in Omaha, Nebraska) is an American investor, businessman and philanthropist. He is regarded as one of the world's greatest stock market investors, and is the largest shareholder and CEO of Berkshire Hathaway. With an estimated net worth of around US$62 billion, he was ranked by Forbes as the richest person in the world as of February 11, 2008.

Often called the "Oracle of Omaha," Buffett is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. His 2007 annual salary was about $100,000, which is small compared to senior executive remuneration in other comparable companies,and when he spent $9.7 million of Berkshire's funds on a business jet in 1989, he jokingly named it "The Indefensible" because of his past criticisms of such purchases by other CEOs.He lives in the same house in the central Dundee neighborhood of Omaha that he bought in 1958 for $31,500, today valued at around $700,000.

Buffett is also a noted philanthropist. In 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation. In 2007, he was listed among Time's 100 Most Influential People in The World.

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."
~ Warren Buffett