A Quote by Bill Gates
It was really phenomenal [Warren Buffett donation]. It grew out of the friendship that we had and the fact that his plan to have his wife run the foundation and give things away changed when she tragically died.
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I think the foundation at Berkshire [Buffett's stake in Berkshirewill pass to the Buffett Foundation upon his death] will be a plus because there will be a continuation of the culture. We'd still take in fine businesses run by people who love them.
At what age did Warren Buffett come into philanthropy? At 76. He gave a very good reason. He said his wife was considerably younger than him. And all Americans believe they would live till 80, and they do live till 80. He told his wife that when he is gone, she should take care of whatever they need to do.
If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.
I give away about 50 percent of my income, so my, you know, desire to give back to the country is pretty strong and I intend to give away a lot more. I've signed the giving pledge with Warren Buffett and Bill Gates, and I intend to give away the bulk of my money.
If Warren Buffett could change his mind about investing in airlines, Mohnish Pabrai could change his mind about investing in autos. Pabrai, who has modeled his investment career and fee structure after Buffett's original partnership, counts General Motors, Fiat Chrysler, and Ferrari in his highly concentrated portfolio.
Before he died, Harry said that his wife knew everything about every trick that he did, and that she knew how they all worked. It was interesting to play with that idea, and to find the places where she really was afraid for his safety and where she was playing along. I had to find that line between what's a performance and what's real, and that's so much of what magic is, as well. It was really, really fun. They were really partners, in every sense of the word.
In the philanthropy game, you're going for different outcomes: saving childhood lives, having kids grow up - because they don't have malnutrition or disease - that they achieve their full potential. We take for Warren [Buffett] things that, because he's very intelligent about the world but doesn't get to go out in Africa and see what we see, we've taken and say to him where we stand and it's basically a very positive report that his gift has made a phenomenal difference.
At one point, I recognized that Warren Buffett, though he had every advantage in learning from Ben Graham, did not copy Ben Graham but, rather, set out on his own path and ran money his way, by his own rules... I also immediately internalized the idea that no school could teach someone how to be a great investor.
I don't think Warren Buffett should be the treasurer or whatever. Warren Buffett's nuts! Just because he's a freaking billionaire doesn't mean he has common sense.
Warren Buffett pays taxes on a smaller percentage of his billions in income than his cleaning lady.
When his wife was at his side, she was also in front of him, marking out the horizon of his life. Now the horizon is empty: the view has changed.
Buffett gave significant portions of his wealth to the Bill and Melinda Gates Foundation. Buffett made money for 50 years before he donated.
I want to have a tax on people who are making a million dollars. It's called the Buffett rule. Yes, Warren Buffett is the one who's gone out and said somebody like him should not be paying a lower tax rate than his secretary. I want to have a surcharge on incomes above $5 million.
Over the time that I followed Warren Buffett, one CFO told me, it's very important to pay attention not only to what Warren Buffett says and what he actually does - often there are subtle differences between the two.
Since the foundation of the world man has had nearly all the forces on his side, working with him and for him; his intellect has been stimulated, while that of woman has been abased; he has had the run of the world and all quickening and brightening things, while she has sat in the cinders, and until of late been illumined only by his reflected light.
She looked at his young face, so full of concern and tenderness; and she remembered why she had run away from everyone else and sought solitude here. She yearned to kiss him, and she saw the answering longing in his eyes. Every fiber of her body told her to throw herself into his arms, but she knew what she had to do. She wanted to say, I love you like a thunderstorm, like a lion, like a helpless rage; but instead she said: "I think I'm going to marry Alfred.
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