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Wednesday, January 22, 2014
The Oracle, Having fun
WHAT A GREAT PERSON, what a great hero Warren Buffett is! First, he gives, free of charge, excellent investment advice, advice good enough to command a pretty fee. If you do things, financially, the Warren Buffett way, you'll be a lot better off, and he isn't shy about helping. Then too, he has given away about fifty billion dollars, which is at least half his fortune. Yes, he is still keeping half his fortune, billions of dollars, so, no, he isn't doing any damage to himself, or making any real sacrifice, by forming a huge charitable trust with Bill Gates. But he still did it. And he knows better than to kill the goose which lays the golden egg; the charitable turst will eventually get the rest of his money, in all probability. So you have to figure he's earned the right to have a little fun. The headline said" Oracle of Omaha offering one billion dollar reward for anyone accomplishing a certain feat." All across fruited plain, we were thinking "I'll give it a try"! But, alas, Mr. Buffett is no fool. You don't get to where he is.....in short, in order to win the cool bil, somebody's gonna have to do what nobody has ever done before, and most likely nobody ever will; predict the entire NCAA Division One men's basketball tournament, the "Big Dance", as they call it, without missing a single winner of a single game. Seeminlgy, an impossible feat, if not in theory, at least in practice. You could make billions of guesses, and never get it ENTIRELY correct, as the Oracle of Omaha knows quite well. So, his billion dollars is safe, or seems safe. But not to worry. Mr Buffett is in his eighties; that one billion dollars burning a hole in his oracular pocket is, unfortunately, likely to end up in our hands, in all our hands, all too soon. Therefore, he's entitled to have a little fun now.
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