Thursday 29 June 2017

No such thing as a free Buffett

Warren Buffett dined with Salida Capital officials at the Smith and Wollensky restaurant (AP)
Warren Buffett dined with Salida Capital officials at the Smith and Wollensky restaurant (AP)

The Canadian investment firm that paid 1.68 million US dollars to win lunch with billionaire investor Warren Buffett has collected its prize.

The market guru dined with Salida Capital officials at the Smith and Wollensky restaurant in New York.

The proceeds from Mr Buffett's annual charity lunch auction go to the Glide Foundation, which provides social services to San Francisco's homeless and poor.

Salida Capital paid less than the previous year's winner, who put down 2.1 million US dollars to meet with the investor.

Mr Buffett, who in 2008 was the world's richest man according to the Forbes list, said the group would discuss a broad range of topics. When asked for specifics, he joked: "Pay a million seven, and you'll find out."

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