Powder Blue Report

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Saturday, June 30, 2007

Irvine Man Wins Power Lunch With Warren Buffett

Every year Warren Buffet auctions off on Ebay an opportunity to dine with him at Smith & Wollensky's Steak House in New York City. This years winner is a fellow Irvine resident Mohnish Pabrai. He ended up being the high bidder at over $650k. Mr. Pabrai get to bring along seven others to join him. It's a great opportunity to dine with the best money manager/investor of the past fifty years. I may not agree much with Warren's political beliefs(he's fairly liberal you could say), but I have to give him props for his business acumen. Mr. Buffet donates the proceeds of the auction to the Glide Foundation which is a San Francisco based group that helps out the homeless.


  • At 6:24 PM, Anonymous Phil Paule said…

    Sorry to see that you got out bid again this year.

  • At 9:21 AM, Blogger Allan Bartlett said…

    If I ever spent $650k on a lunch, there would be an investigation. This guy is a great money manager. Look him up. He's averaged 30% annual compounded returns since 1999.

  • At 10:37 AM, Anonymous Anonymous said…

    I'm just thinking aloud here. I wonder how much it would cost to have lunch with Mohnish Pabrai?

  • At 10:45 AM, Blogger Agent Orange said…

    "I'm just thinking aloud here."

    I go eve further -- I wonder how much it would cost to have lunch and sex with Paris Hilton.


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