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...something slightly embarrassing about it. That's no longer true, and the proof is that people who now do it don't need the money. In fact, the two richest men in America have appeared in ads recently. Bill Gates has endorsed a brand of golf clubs, and Warren Buffett is pushing private jets. Peter Lynch, the investment guru, retired from Fidelity years ago but is back starring in commercials for the firm. Nathan Myhrvold, a Microsoft executive, also has endorsed a jet. The ads say he owns one, which is another way of saying he doesn't need...

Author: /time Magazine | Title: Warren Says I Should Buy a Jet | 12/14/1998 | See Source »

...last 17 years of his life, that's what he tried to achieve with his new firm, which became a laboratory for his grand experiment. Today when we conjure up the names of the great American financiers, we tend to think of people like J.P. Morgan and Warren Buffett and even Michael Milken. But none of them had the effect on American life that Charlie Merrill had. In fact, they're not even close...

Author: /time Magazine | Title: CHARLES MERRILL: Main Street Broker | 12/7/1998 | See Source »

...investors, Meriwether called for patience and said the fund was "seeking to raise additional capital." Among those reportedly approached was George Soros, head of the $10 billion Quantum hedge fund, who spurned a request for a $500 million cash infusion. It was also rumored that billionaire investor Warren Buffett might help...

Author: /time Magazine | Title: The Brightest and the Brokest | 10/5/1998 | See Source »

...follower of and an adviser to the "Church of Buffett." Being a fan for so many years has been a real treat, and it was refreshing to read about one of the legends of the summer-concert scene. I just hope that your story doesn't bring more people out to see him next year and make tickets that much scarcer! CHRIS PALLAY Franklin Park...

Author: /time Magazine | Title: Letters: Sep. 7, 1998 | 9/7/1998 | See Source »

...husband is fighting a terrible battle with cancer. In June we went with friends to a Buffett concert in Milwaukee, Wis. We danced to Cheeseburger in Paradise and cried to "Mother Ocean." For a few hours, we were able to push away the nightmare. Thank you, Jimmy. EILEEN LUCAS Fontana...

Author: /time Magazine | Title: Letters: Sep. 7, 1998 | 9/7/1998 | See Source »

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