The cost of lunch with Warren Buffett
The prospect of a lunch with billionaire investor Warren Buffett is still whetting the appetites of bidders on eBay, despite the rising cost of food and the global credit crunch.
The current offer for three courses with the Sage of Omaha is $77,100 (€45,500) but with three days of bidding still left that figure has some way to go before it tops last year’s winning bid of over $600,000, paid for by a Chinese businessman.
Just to put that into perspective, that’s slightly less than the value of five shares in Berkshire Hathaway, the US insurance company he has controlled for more than 40 years.
It’s all for a good cause with 100% of the proceeds going to the Glide Foundation, a charity whose mission it is to “break the cycles of multi-generational dependency, poverty, and low self-worth by providing a spiritual home of unconditional love”.
Perhaps the winning bidder will be hoping that the Berkshire Hathaway chief executive’s uncanny knack for stock picking, even in the most turbulent of markets, will rub off a little over the course of the meal.
Or maybe they’ll just enjoy eating at what the New York Times calls “the steakhouse to end all arguments”. The winning bidder will dine with seven friends and Buffett at the Smith and Wollensky in New York.
Keep track of the 'Warren Buffett Power Lunch to Benefit Glide Foundation' auction by clicking the attached link.
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