Word: buffett
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...give away the rest of his immense fortune. "Giving away money effectively is almost as hard as earning it in the first place," he says. Sure, Bill. Tell that to someone-anyone-in need. Equally preposterous, the man in second place on the Forbes 400, investor Warren Buffett, has said he plans to wait until he and his wife have passed away to donate his $21 billion for the greater good...
Until then, let the poor suffer, the uneducated remain ignorant, the hungry starve and the forests wither. They say in political philosophy that justice delayed is justice denied. Gates, Buffett and their fellow super-rich should be ashamed of themselves. Generosity delayed is generosity denied...
...called it a "pretty pathetic thing" that many wealthy people give little to charity, and he has said Forbes magazine's ranking of wealthy Americans discourages giving, because those on the list don't want to slip down. He has even singled out fellow billionaires Bill Gates and Warren Buffett for criticism, but he denied last week that his gift was intended to send a message to any specific person. Gates has already "dramatically increased the amount he has given," Turner says. "I'm not on anyone's case right now." His role models range from billionaire philanthropist George Soros...
...Coke discloses that a pair of garage scientists has duplicated its famous syrup and is selling the formula worldwide. Warren Buffett, proclaiming that the company is without intrinsic value, dumps his stake. Coke shares rise anyway as the company, one of the biggest in the major-stock indexes, benefits from the mindless buying of stock-index funds. The Dow is up 400 points...
...what's an investor to do? Take note, for one thing. You may find some bargains out there, but on average if you buy stocks today, you are paying more than anyone in the history of commerce to get into the market. That's what Alan Greenspan, Warren Buffett, George Soros and others have been suggesting for months. And that is why some of Wall Street's top strategists are lightening up on stocks. Barton Biggs at Morgan Stanley Dean Witter opens his newest report with the line "I am raising more cash." It doesn't mean a crash...