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WB did not only understand the future value of money invested vs. spending on things he "did not need" but here is what made the biggest impression on me about his ability to see clearly into the future: Warren Buffett famously described derivatives bought speculatively as "financial weapons of...

A clarification for my blog: Idiots can find information at http://www.gatesfoundation.org/about/pages/implementing-warren-buffetts-gift.aspx On June 26, 2006, Warren Buffett announced he would start giving much of his fortune to philanthropic causes, including a pledge to donate 10...