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Archive for June, 2008

Warren Buffett Lunch Won by Zhao Danyang

This year’s “Power Lunch with Warren Buffett” charity auction has been won by Zhao Danyang of the Hong-Kong based Pure Heart China Growth Investment Fund with a record high bid of $2,110,100.

Zhao is an early investor in China’s class-A shares and has an investment philosophy very similar to Warren Buffett.

He has previously liquidated all five of his firm’s mainland funds to lock in profits from China’s market enormous gains. He started selling when price to earnings ratio grew too high.

Warren Buffett Power Lunch

Bidding has begun for this year’s “Power Lunch” with Warren Buffett. The proceeds from the auction will go to the San Francisco’s Glide Foundation.

The online auction is being hosted by eBay as part of its Giving Works initiative and ends at 10pm ET this coming Sunday, June 27. Bidders must pre-qualify before they can bid.

Based on the bidding from previous years, the final bid should easily go into six figures. However, Warren Buffett does come with “free shipping” according to the auction site.

Last year highest bid of $650,100 came from Mohnish Pabrai and co-bidder Guy Spier.

For the not-so-rich, you can bid on a Monopoly board and box signed by Warren Buffett.

The auction for the Monopoly board ends Wednesday, June 25, just before 3:30pm ET while the auction for the Monopoly box finishes Thursday, June 26, just after 6:30pm ET.

Snippets of a Warren Buffett interview with the financial post.