Warren Buffett Lunch Won by Zhao Danyang
Jun 29th, 2008 by Martin Lee
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.
I wish I was invited! Maybe one day Mr. Buffett will have opportunities for other people to have lunch with him; those who may not have an extra million or two lying around.
Just started My Investment Journey – http://www.ourstockmarketjourney.blogspot.com/
and I like the principles by which Mr. Buffet has invested over the years.