Buffett's frugality hasn't been in vain
According to Marco at mysharetrading.com, Warren Buffett's set to donate a vast portion or his fortune, $54 billion to be exact, to charity.
I may have been a little hasty a while ago when I posted this article accusing the man of being a tight-fisted twat but if his frugality has a purpose far greater than his own needs and influence then Mr Buffett you need a big pat on the back.
I am intrigued though that the two richest men in the world, Warren Buffett and Bill Gates have decided to step away from their companies and begin to help those in need. Why is this? Have they just become aware of the world's disenfranchised nations or are they sensing that there is more to life than power and money?
Whatever the reason, it's a great outcome for those living in the poorest nations and should be celebrated and embraced by other world powers. Let's look after those who can't look after themselves.
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Comments
"Have they just become aware of the world's disenfranchised nations or are they sensing that there is more to life than power and money?"
That's pretty insulting. Do you think they could have done more good if they'd "just realized" that from the beginning and not amassed their fortunes?
Uh, no.
Posted by: tom sherman | June 28, 2006 2:37 AM
I'm not sure this is insulting merely an observation of some facts. How long has Bill Gates and Warren Buffett been at the top of the world's wealthiest men? And in that time how many millions of people have died from the diseases they are now trying to fund cures for?
Should a multi-billionaire continue to amass more billions before he decides to do something about these problems? And should we continually pat them on the back for their business acumen and wealth hording activities?
When do they get a sense that the world is not all about stock portfolios and the next OS?
I think I'm being pretty fair to these guys.
Posted by: Tom | June 28, 2006 5:30 PM