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...record 31,000 people from 50 countries made the pilgrimage to Omaha, Neb., this year, snapping up every hotel room within an hour's drive, all to spend three days in the orbit of the native son whose investing prowess has turned him into the world's richest man--and who has taken his shareholders along for the very lucrative ride. Attendees shopped at Berkshire-owned companies (Borsheim's Fine Jewelry, Nebraska Furniture Mart); ate where Buffett likes to eat (Gorat's Steak House); tried to beat him at bridge (they didn't); and spent five hours grilling...

Author: /time Magazine | Title: Postcard: Omaha | 5/8/2008 | See Source »

...pure business call for De Beers, according to Penny and De Beers Group chairman Nicky Oppenheimer. It's a concrete way to live up to a phrase coined by Oppenheimer, posted on the wall of every De Beers office: LIVING UP TO DIAMONDS. Oppenheimer, one of the richest men in Africa and the third generation of Oppenheimers to run De Beers, notes, "Ultimately, people do not need to buy diamonds." That they do buy them, he says, is bound up in the emotions and events with which they are associated: love, marriage, purity. "If we behave in a way that...

Author: /time Magazine | Title: Gem of an Idea. | 5/1/2008 | See Source »

...show, which follows the lives of Manhattan’s richest (and most attractive) teenagers, does not aspire to realism. It joyously revels in its surreality, while still grounding its characters in truthful desires and doubts. But enough gushing. The point is that we watch for pure entertainment—not because we can relate to jetting to France on a moment’s notice or seeing our ex at a masquerade ball. We, the viewers, know that our lives should not look like the ones we see onscreen...

Author: By Ryder B. Kessler | Title: Carrie Bradshaw Syndrome | 4/23/2008 | See Source »

Dissatisfied with Italy's economic woes, voters on April 14 elected billionaire Silvio Berlusconi, Italy's richest man, to lead them once again. Here's a quick look back at the ups and downs of one of the world's most colorful--and persistent--personalities...

Author: /time Magazine | Title: Briefing | 4/17/2008 | See Source »

...crisis of confidence rather than a shortage of liquidity, business magnate Sam Zell presented a confident view of the nation’s financial strength to the Harvard community yesterday at a talk at Gund Hall. Zell, a billionaire who was ranked #52 on the most recent list of richest Americans by Forbes magazine, came to Cambridge at the invitation of the Real Estate Academic Initiative, a campus faculty group. The Chicago native expressed disappointment with the “demagogic” economic language of Democratic presidential candidates Hillary Clinton and Barack Obama, saying he doubts that there will...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Zell optimistic about economic future | 4/16/2008 | See Source »

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