LYCOS RETRIEVER 
Warren Buffett: World
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Buffett himself has become the second-richest person in the world with a reported net worth of $52 billion US. He plans to leave most of that to a charitable foundation controlled by Microsoft's Bill Gates.
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For more than four decades, Buffett has believed that he could best serve his shareholders by managing his own money effectively, seeking value, and minding expenses. Now, he believes he can best serve the world by doing the same.
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That's Buffett in a nutshell. Amazingly, the world's savviest investor has sat out the entire stampede over technology stocks, backing away even from proven players like Microsoft or Hewlett-Packard. As for Internet stocks, forget it. Buffett says he won't invest in a company unless he can "see" it, unless he can imagine what its balance sheet might look like in a decade or two -- a shockingly long view, especially at a time when many investors hold stocks for just days, or even minutes, at a time. Such behavior would get many contemporary fund managers fired, but it's hard to argue with a man whose own holdings have outpaced the Dow Jones Industrial Average for more than 40 years.
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"I can be a direct descendant of William Jennings Bryan, but I will not be changing the Chinese government's policy," Buffett told The World-Herald in an interview last week. "I doubt I could change the policies of the Douglas County Board."
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"This pledge is an investment in a safer world," Buffett said in a statement. "The concept of a backup fuel reserve has been discussed for many years, [and] its creation is inherently a governmental responsibility, but I hope that this pledge of funds will support governments in taking action to get this concept off the ground."
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