Warren Buffett was smiling today at the White House as Barack Obama presented him with the nation's highest civilian honor, the Presidential Medal of Freedom. And while Mr. Obama's anecdote about Buffett's early misadventures in stockpicking elicted laughter, there's also a serious investing lesson to be learned.
Warren Buffett and Bill Gates will visit India sometime this year to "seek support of wealthy Indians for philanthropic activities," according to a report in today's Economic Times.
Carlos Slim, the world's richest man by the latest Forbes ranking, tells CNBC he won't be signing onto the Giving Pledge, the invitation to philanthropy created by Warren Buffett (#3 on the Forbes list) and Bill Gates (#2). He tells CNBC that business people should help to fight poverty, but he doesn't think giving to charity is the best way to do so.
For the second time this year, Warren Buffett has met with President Obama in the White House's Oval Office.
For those of you who slept in or otherwise missed Warren Buffett on ABC's This Week with Christiane Amanpour on Sunday morning, here are some links to the interview. The conversation focuses on Buffett's "Giving Pledge" but also touched on his long-standing argument that the super-rich should be paying more in taxes.
Billionaire hedge fund manager Leon Cooperman told CNBC Tuesday he will donate most of his fortune to charity in order to help needy people get out of poverty.
Last Wednesday, PLB Sports founder Ty Ballou was at his charity event in western Pennsylvania when his son Ryan got a call on his cell phone. It was a reporter from WCPO. A viewer had called the number on the box meant to be for Feed the Children, but it instead turned out to be a phone sex hotline. Ballou went to his car and dialed the number and sure enough, it was a phone sex line.