Buy Warren Buffett Charity Spoon

Warren Buffett - Charity Ice Cream Spoon Auction

[UPDATE 4 :  The spoon didn't get any more bids and was sold for $4,500 - not as high as some had thought]

[UPDATE 3 :  Only 13 hours left to the end of the auction which ends at Jul 30, 201019:00:34 PDT - if it is anything like other Ebay auctions there will be a mad rush at the end]

[UPDATE 2 : The price has now risen to $4,500 with 60 bids - there are 7 days left to bid. There are also items signed by Warren Buffett on sale elswhere on Ebay and not for charity purposes - such as a signed $100 bill at $1750 at the moment]
[UPDATE : The giant ice cream spoon autographed by Warren Buffett being auctioned on Ebay for charity now stands at $3,250 with 54 bids - you have until 30 July to get your bid in for a piece of  signed memorabilia or a long-term value investment, depending on your point of view]

An ice cream spoon autographed by Warren Buffett is to be auctioned off on Ebay until July 30, sponsored by the Dairy Queen unit at Berkshire Hathaway. The spoon is a five-pound ice-cream spoon that will be auctioned to the highest bidder to raise funds for children’s hospitals.

Warren Buffett Autographing Charity Spoon

Warren Buffett, has promised to leave 99% of his fortune to charity including programs to ease world hunger, encourage education in the U.S. and promote access to abortions. Last month he announced that he was trying to persuade other billionaires to leave at least half their wealth to philanthropy.

In a letter to Fortune's website last month he said “Fate’s distribution of long straws is wildly capricious” and that the rich have a special responsibility to aid those who are not so fortunate.

Buffett is no stranger to Ebay and auctions, and has so far held 11 auctions in which the winning bidder and guests get to have lunch with him at his favorite restaurant, with the winning bid going to charity. This year the auction broke the previous record with the winner paying $2.63 million for the privlege.

Description from Ebay

"Bid to own the giant size replica of the world famous DQ® spoon featured on the Blizzard®mobile during the 2010 Blizzard® Tour! The spoon, measuring 33" and weighing in at 5lbs, has been autographed by Berkshire Hathaway Chairman & CEO Warren Buffett. Dairy Queen® is a wholly owned subsidiary of Berkshire Hathaway.

All proceeds from the auction will benefit Children’s Miracle Network."

So far there have been 47 bids and the highest is $2850

Home : Warren Buffett

Warren Buffett Tips a Book !

Warren Buffett Tips Book : When Money Dies by Adam Fergusson

Warren Buffett aka the Oracle of Omaha (hence the name of this site) has apparently, according to a report in the Sunday Telegraph, told a few friends that a little known book called "When Money Dies: The Nightmare of the Weimar Collapse" by Adam Fergusson shows what could happen if European governments try to get out of the recession by spending.

When Money Dies was written by Adam Fergusson in 1975 and shows how the German economy was destroyed by hyperinflation after public spending was allowed to run out of control.

After Warren Buffett's tip to a Dutch financier friend the book suddenly shot up in value (good old supply and demand at work) with copies apparently changing hands for up to $2,400.

The small UK publisher Old Street Publishing must have thought Christmas had come early and has rushed out a new paperback edition.

When Money Dies author Adam Fergusson said "In Britain today there is this debate between neo-Keynesians who want to postpone any tightening of the economy and those who say it should be done at once.

"To my mind it is a nondebate, because politically now is the only time tightening can be done. In a year or so it won't be possible, politically, any more.

"When governments are not strong or brave enough politically, finally the economy goes to pieces anyway.”

If you just want the book then get the paperback copy, if you think the 1975 edition might be a good long-term investment then have a look around to see if you can pick up copies from unsuspecting booksellers or relatives !

To see which other books on investing Warren Buffett recommends see Books Recommended by Warren Buffett

Home : Warren Buffett

Warren Buffett's Favorite Indicator

Warren Buffett CNBC Video

This interview with Becky Quick from CNBC dates back to September 2009 (a mere blip as far as Warren Buffet is concerned) in it he says his favorite indicator if he could only see one indicator is freight car loadings as published by te America Railcar Association - the most recent figures are pretty good and you can see the July 8 figures here - freight car loadings



I a more recent statment Warren Buffett has said he doesn't think Tony Hayward should be CEO of BP, well I think 90% of the planet has come to that conclusion. To see 3 live videos of the oil spewing out in the gulf have a look here if you must - oil spill live video feed. Would Warren Buffett buy BP stocks ? I'm reminded of one of the more famous Warren Buffett quotes "I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will." which to me means it is unlikely that Warren Buffett would invest in BP.

Elsewhere, Meyer Shields, an analyst with Stifel Nicolaus yesterday advised investors to sell shares in Berkshire Hathaway, due to the weakening U.S. economy which may hurt demand for Berkshire Hathaway's businesses that rely on the consumer. Meyer Shields said that the fall consumer confidence, rising oil prices and Berkshire's derivatives contracts will probably slow consumer spending.

In Q1 of this year, Berkshire's manufacturing and retail businesses improved markedly and contributed $477 million to the company's net income of $3.6 billion.

If you are an investor in Berkshire Hathaway it is highly likely that you are a long-term investor anyway so advice from analysts to buy or sell will probably be given short shrift.

Home : Warren Buffett