An Irvine, California based investor won the charity auction for a lunch with Warren Buffett on Friday night. His $650,100 winning was around 4.8% higher than last years winning bid. But year-over-year growth in the bidding has slowed dramatically, perhaps suggesting that the market for lunch with Warren Buffett is maturing or plateauing. Last year’s winning bid was 76% than the previous years.
As is usually the case with these sorts of things, bidding remained relatively tame for most the auction, but surged almost $250,000 in the last hour.
The winning bid came from Mohnish Pabrai, who manages more than $600 million at his hedge fund. Another hedge fund manager, He said Guy Spier, staked around one-third of his winning bid.
Warren Buffett Power Lunch to Benefit Glide Foundation [eBay.com]
Warren Buffett lunch sells for record $650,100 [Reuters]
Posted by hassan t e , Jul 05, 2007 6:12AM
respected sir,
when i was a student on 1978 attacked cancer and after a major operation in mumbai Tata Hospital by Dr. D J Jussawala,spleen removed,two months radiaiton,my total health spoiled,studies stopped,long 3 years treatment,then entered father business -4 years later i had a hip pain due to the sever after effect of radiation.hip born destroyed and after a major operation a part of the born removed,my immunity power lost,so always ailments one or other - 30 years treatments my business got huge liaility.Do you have any source to help me.ailments,treatments,liability.Only The Almighty God can save me.May God Bless You All.
Hassan T E
Fathima/48/261 A
south keerthi nagar
elamakkara
cochin 682 026.kerala/India
mob: 09472 55655
Posted by LippyTex , Jul 05, 2007 8:48AM
I think that guy runs a 130/30 Medallion mix hedge fund without porting alpha and was probably a former Enron employee. Hope he gets well soon.