Buffett to give away billions to charity
- Thread starter redwing
- Start date
What l cant understand is that the Gates foundation is sitting on so much money and they supposedly give to 3rd world countries especially medical needs, then why is it that we never seem to see any improvement in these areas?
Mr Buffett is a generous man,at least handing it out now he may see if it is put to good use.
Sure hope so as its a lot of $$$$$
Wonder if this will make the price of shares in his company fall?
cheers yadreamin
Mr Buffett is a generous man,at least handing it out now he may see if it is put to good use.
Sure hope so as its a lot of $$$$$
Wonder if this will make the price of shares in his company fall?
cheers yadreamin
The gates foundation:
http://www.gatesfoundation.org/default
While what they are doing is very good:
1. A part of what they are doing is raising the awareness of Microsoft products
2. They earn far more than any person could possibly expect to ever be able to spend. Ever. How many pairs of shoes or bottles of wine could anybody ever hope to buy in a lifetime of shopping sprees, with that sort of money?
http://www.gatesfoundation.org/default
While what they are doing is very good:
1. A part of what they are doing is raising the awareness of Microsoft products
2. They earn far more than any person could possibly expect to ever be able to spend. Ever. How many pairs of shoes or bottles of wine could anybody ever hope to buy in a lifetime of shopping sprees, with that sort of money?
immelda marcos could handle the shoe side of things perhaps geoff?
i met a client the other day, he actually said to me "i could start spending today, every day, and still couldnt spend it all before i died". and here i was keeping his fee the same as last years, sickening!!
he's a builder in perth !!
i met a client the other day, he actually said to me "i could start spending today, every day, and still couldnt spend it all before i died". and here i was keeping his fee the same as last years, sickening!!
he's a builder in perth !!
WB gave most of his money to the Gates Foundation
It has been announced that Warren Buffet has given the bulk of his money (shares) to the Bill & Melinda Gates Foundation. While some (or maybe most people) may ridicule this decision, I admire WB for this. He is not only an astute investor, but also an astute giver (IMHO). I am with him in that it is better to give away the money now instead of after his death - hopefully he can see where it is going to and how the money is being used.
As I understand it, WB will convert his A shares to B shares and give these shares to the charitable foundations named. So, presumably they will be able to use the dividends from the shares in their work, or sell the shares when they need the money?
It has been announced that Warren Buffet has given the bulk of his money (shares) to the Bill & Melinda Gates Foundation. While some (or maybe most people) may ridicule this decision, I admire WB for this. He is not only an astute investor, but also an astute giver (IMHO). I am with him in that it is better to give away the money now instead of after his death - hopefully he can see where it is going to and how the money is being used.
As I understand it, WB will convert his A shares to B shares and give these shares to the charitable foundations named. So, presumably they will be able to use the dividends from the shares in their work, or sell the shares when they need the money?
geoffw said:
I knew someone would pick up on that! Its a life of brian quote Geoff
RJ
yadreamin said:
Gee you have a high opinion of Bill Gates yadreamin!
Western governments have been ploughing great sums of money into the third world for sixty years with limited if any success.
The Gates foundation has been going for six years, is investing in long-term issues and you're expecting major changes already!!
Perhaps you should look at how the foundation allocates it's funds: http://www.gatesfoundation.org/default.htm
Or do people simply prefer knocking Bill Gates simply because he's been successful?
IMHO it's a strange criterion for knocking someone - but something we no-hoper Australians seem to excel at.
I guess the only success Australians value is on the sporting field - and doesn't that help eradicate diseases and improve living standards in the third world.
BTW - I reckon Warren Buffet is one of the most astute investors in the world. If he chooses to invest a larger proportion of his money than he has EVER invested into a single investment before into the Gates Foundation, he must have some very good reasons for doing so. Think about it.....
He could have allocated his money to all kinds of other charitable organisations - the fact that he didn't speaks volumes.
Cheers,
Aceyducey
Sorry Acey, l have obviously came across in my post the wrong way. It was no way intended as an insult to Mr Gates, and yes l agree if Mr Buffett has put his money in that basket l am sure he must be impressed with what the foundation is doing.
Yes there has been billions of dollars put into the 3 rd world countries by many many organisations, and the point l was trying to make is we never seem to see any progress in their living standards except for the occasional feel good donate more story.
These are my opinions only and yes l still donate,but not to every charity, l am allowed to question as well.
once again sorry if my post was taken the wrong way.
cheers yadreamin
Yes there has been billions of dollars put into the 3 rd world countries by many many organisations, and the point l was trying to make is we never seem to see any progress in their living standards except for the occasional feel good donate more story.
These are my opinions only and yes l still donate,but not to every charity, l am allowed to question as well.
once again sorry if my post was taken the wrong way.
cheers yadreamin
