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Warren Buffett: World
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For nine years ending in 2001, Buffett hosted an annual golf tournament for celebrities, professional athletes, and CEOs, with all proceeds going to charity. It raised about $9-million for four charities. The last such event was scheduled to be held at Offutt Air Force Base near Omaha, on 11 September 2001. They didn't end up playing golf that day, but the event did save the lives of at least a few CEOs who would have otherwise probably been at work in the World Trade Center. It's ... fueled some conspiracy theories, because Offutt Air Force Base is the headquarters of the U.S. Strategic Command, "responsible for both early warning of and defense against missile attack and long-range conventional attacks".
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Warren Buffett is a superstar in the business world. Although the average person on the street may not be sure who Mr. Buffett is, many have heard his name as he regularly tops the Forbes list of richest people in the world.
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Besides that, Buffett is riding to the rescue of Swiss Re (OTC: SWCEY.PK), the world's largest reinsurance company. Berkshire, which owns General Re, one of Swiss Re's biggest competitors, has purchased a 3% stake in the Switzerland-based insurance titan. Buffett will ... take over a large chunk of Swiss Re's future business.
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In the wake of corporate scandals at Enron and Worldcom, Buffett took his message to the rest of the corporate world. At the Forum for Corporate Conscience in March 2003, he spoke with business leaders about how to restore the public's faith in corporate America.
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Buffett's political views have at times been controversial in the business world, particularly on the subject of taxes. He's made no secret of his belief that rich people have a duty to pay more taxes and that President Bush and Republicans in Congress have erred by pushing tax cuts for the wealthy.
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Buffett Stock #1 -- One of Buffett's favorite long-term holdings, this firm looks to consolidate one of the most fragmented markets in the world. With a 2% market share, the company is already the largest player in its industry...but it still has 98% of the rest of the market to conquer.
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