Your lunch date with Warren Buffett will be a lot cheaper this year

The annual honor of being the highest bidder in an auction to have lunch with Warren Buffet looks to be a lot cheaper this year.

After last year's record $2.1 million, paid by a Hong Kong hedge-fund manager, this year's auction on eBay is at $135,687 -- a heck of a discount.

And you may even get a Dairy Queen Blizzard thrown in.

Auction proceeds go to the Glide Foundation in San Francisco, a charity that provides meals to the needy.

Buffett has held the annual auction for the past decade. The winner can bring as many as seven friends for lunch at a New York steakhouse to hear the Oracle of Omaha's wisdom, according to a Wall Street Journal blog.

Time is running out. The auction ends at 7 p.m. PDT Friday, June 26.

I doubt if last year's record, which was three times the previous record, will be beat, or that anyone will pay even $500,000. It is a charitable donation, but shareholders of any company that spends that kind of money on lunch will wonder if they're getting their money's worth.




Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum