LYCOS RETRIEVER 
Warren Buffett: Bill Gates
built 254 days ago
Thanks to Bill Gates, Warren Buffett and the School Bridge League, kids nationwide can now benefit from the game. "Bridge is a game where you can keep improving and feel great about it without ever hitting the limit of what can be done," says Gates. The key was letting kids know.
Source:
In June 2006, Warren Buffett gave approximately 10 million Berkshire Hathaway Class B shares to the Bill & Melinda Gates Foundation (worth approximately USD 30.7 billion as of June 23 2006; see [2]) making it the largest charitable donation in history. The foundation will receive 5% of the total donation on an annualized basis each July, beginning in 2006. Buffett will ... join the board of directors of the Gates Foundation, although he does not plan to be actively involved in running the foundation.
Source:
When he was asked how he had discerned any value in his investments, Buffett said simply that he read thousands of annual reports and corporate statements. Value Line, Moody's, and Standard and Poor's were the core of his studies, followed by corporate publications. Buffett saw the library as the true basis of anyone's education; the fact that it was cheaper than the cost of attending college warmed his conservative heart even more. Buffett did not like to spend; he was a gatherer and a holder. His childhood was replete with stories of youthful enterprise, beginning at the age of six, when he bought six-packs of cola for 25 cents and then sold individual bottles for 5 cents each. He scoured golf courses for lost balls, which he then sold individually and by the dozen.
Source:
Warren Buffett had a dream. He had tried all the investment methods — charting, technical analysis, listening to tips. But he dreamed that there must be a better way. He found it. The result is around 30% per year for over 40 years and wealth of about 30 billion dollars.
Source:
In mid-May, Buffett moderated a panel on Internet commerce at Microsoft's annual CEO summit in Seattle. As Buffett tells it, the assignment reflected William H. Gates III's sense of humor. But the Microsoft chairman and CEO, a friend of Buffett's since 1991, says it was no joke: ''Every principle that Warren holds about business and business value will still apply in this new world we're going into.'' Gates, who owns Berkshire stock in his personal account, adds that he has learned more about business from Buffett than from anyone else. ''People really underestimate what he has created in Berkshire,'' he says.
Source:
Buffett, with the millions of dollars Berkshire was making thanks to him, began to fill his portfolio with stocks of solid companies that were undervalued, and inexpensive at the time. By sticking to companies such as American Express and Coca-Cola, companies with solid brand names rather than the latest Wall Street trend, Buffett has become one of the wealthiest men in the United States with a fortune of approximately $36 billion.
Source:
MORE ABOUT
Bill Gates