The richest man starts with a blind box

Chapter 599 The Origin of Buffett's Lunch
"It turns out that Buffett's lunch was auctioned here!" Boss Huang was a little surprised. He didn't expect that the famous Buffett's lunch would start here.

It is said that Buffett's lunch started when Buffett had dinner with a church pastor. The pastor lamented that there were many homeless people in the community, and they couldn't even eat enough.

So Buffett came up with the idea of ​​having lunch with himself for auction, and then all the funds raised were used to donate to the church and to the homeless wanderers.

This idea sounds very lofty, but the problem is that many news media in the market outlook are focusing on the person who bought the opportunity to have lunch with Buffett, and the auction sales are constantly increasing, but which homeless people have enjoyed Buffett's lunch? Welfare, then only God knows.

After all, all the proceeds raised by Buffett were directly donated to the church, and what kind of virtue the church is, it depends on the benevolent and the wise.

To be fair, churches in the United States receive more than 100 billion U.S. dollars in various donations every year. If all the 120 billion U.S. dollars are used to buy physical goods or provide cheap accommodation, it will be enough for 1 million people.

But why are there more and more homeless people in the United States who cannot get help?
Moreover, the U.S. government has provided physical coupons, which can ensure that all homeless people can receive the minimum amount of food every day, so as to ensure that they will not starve to death.

However, the funds of the church are still not enough. They are crying every day that there are still a large number of homeless people living in a bad state, and they are in great need of assistance from all parties in the society.

The total population of the United States is only about 3 million. It cannot be said that 1/30 of the Americans are homeless.
Well, without further ado, according to Huang He's memory, it seems that Buffett's lunches are all auctioned on the Internet, but I don't know where they were auctioned before the online auction.

Only now do I know that it was at such a private party organized by Buffett.

But it seems understandable to put it here. After all, the fund managers who came to the scene are basically fund managers, although they are all young people under the age of 35.

It is possible to be able to achieve the position of fund manager, and he is still a genius-level fund manager. Few of them are poor, and there is no problem in paying tens of thousands of dollars for auction.

Soon, the host at the scene began to announce that this year's Buffett lunch had started to be auctioned. The starting price was 1 US dollars, and he could get a two-hour lunch with Buffett and the opportunity to ask questions at will.

"$15"

"$2"

"$2.2"

"$2.3"

What shocked Boss Huang was that Buffett's lunch, which was priced at millions of dollars in the perspective auction, was only worth tens of thousands of dollars here.

And when the price reached 2.9 US dollars, it was almost impossible to go up. In the end, when the host dropped the hammer, the auction sold for a transaction price of 3.1 US dollars, and the host was very happy to announce that, This time the auction hit a 4-year historical record.

"How much did you sell for before?" Huang He asked curiously like the little Swift beside him.

"In 2001, it was sold for 1.8 US dollars, and it has been rising every year since then. This year is the fourth year, and it has sold for 4 US dollars, which is already very impressive!" Little Swift said.

"Uh..." Boss Huang was silent. In his memory, it seemed that they all started with hundreds of thousands of dollars.

Huang He is ignorant here. In fact, the turnover of Buffett’s lunches in history is indeed only this small, because all the fund managers who came to participate in the auction.

Don't look at these fund managers as rich, but what they are best at is calculating and being stingy. They will carefully calculate the value of having lunch with Buffett, and then come to the conclusion that the price is only tens of thousands of dollars.

"Could it be that Buffett's advice at lunch was inaccurate?" Huang He asked curiously.

"No, it's not inaccurate, but there are almost no useful suggestions!" Little Swift said in a low voice, "So Mr. Buffett will answer as many questions as possible at the lunch meeting, but because there are many confidentiality clauses involved in fund work , so Mr. Buffett cannot give any specific operational answers, he can only give you predictions on the major developments of some industries."

"For example, someone asked Mr. Buffett last year whether Yahoo's stock will continue to grow and whether it can be held in the short term. Then Buffett replied that in the long run, if Yahoo can overcome its profitability problem and stretch its tentacles, it will not be a problem. If we limit ourselves to the business of portal websites and spread out as many successful tentacles as possible, then Yahoo's stock price will continue to grow!"

"The answer to this question can't pick any questions. The question is, who can guarantee the success or failure of Yahoo's future business development? So the questioner, in the end, doesn't know whether he should hold Yahoo's stock for a long time, and then welcome Then came the collapse of Yahoo stock."

"Then this seems to have verified Mr. Buffett's prediction, because Yahoo lost to Google in the search business, which led to the outbreak of a scandal within the company, and the stock price plummeted. This is the answer that can be given to Mr. Buffett, it depends on you How do you understand it!"

"So everyone in the industry knows that eating with Mr. Buffett is just selling favors and gaining some contacts, but it is impossible to really get accurate investment information and operations from Mr. Buffett. Perhaps it is better to be in Ask Mr. Buffett a question at this party today, and the answer you get is even more effective!"

"So today's auction price of 3.1 is already very high, and I'm a little surprised!" Little Swift said.

"That's how it is. No wonder there have never been financial professionals to bid for the auction. Some entrepreneurs ran over to join in the fun, especially Chinese entrepreneurs!" Boss Huang murmured in his heart.

Nearly half of Buffett’s lunches in future generations have been bought by Huaxia, and these buyers are basically entrepreneurs. What they need is actually not compatible with Mr. Buffett’s professionalism. What they need may not be the same at all. Buffett's suggestion is to have dinner with Buffett, and then go back so that domestic retail investors can act aggressively!
Huang He shrugged his shoulders. He is not interested in using Buffett as a pretense, because he is richer than Buffett, isn't he?
But Huang He didn't expect that, in fact, Buffett is very depressed now, because he still expected Huang He to make a bid, and then further encouraged Huang He to let Jiangnan Group go public at lunch.

This means that this lunch auction is specially prepared for the Yellow Crane.

Originally, at the beginning of this year, the president of eBay had approached Buffett. After discussions, the two parties had decided to transfer the lunch auction to eBay. At the same time, the auction time was changed from March to June.

So Buffett planned to announce at the dinner that he would no longer hold the Buffett lunch auction, but he unexpectedly discovered that Huang He had come to participate in this charity dinner, so Buffett urgently canceled this idea and continued to hold the auction on the spot , the purpose is to get the Yellow Crane to take the bait.

In Buffett's view, it is only natural for a boss as big as Huang He to spend tens of thousands of dollars to buy a lunch, but Huang He has no interest at all. As a result, Buffett can only look at another fund manager with a wry smile. Buy your own luncheon for $3.1.

Buffett didn't know that if he held an auction on eBay this year according to the historical decision, it would be able to fetch a price of 25 US dollars, making it the first time in history that Buffett's lunch price exceeded 1.

In this way, it is a big loss.

But Buffett will not give up. He gave Bill Ackerman a look, and he immediately understood, walked to Huang He and said:
"Mr. Huang, why don't you come and participate? There are many poor homeless people in New York who urgently need our help, but the church's funding gap exceeds tens of millions of dollars. Don't you contribute a little for these poor people? power?"

"No, they are not pitiful at all!" Huang He shook his head and said.

"Ah..." Bill Ackerman was stunned by this answer.

"Pity is an insult to these homeless people. Even if they have no home, lost their loved ones and wealth, they are still independent individuals with their own dignity. They are free beings. We have no right to use pity like pity. They are equal to us!" Huang He said loudly, and the reporter next to him once again captured this meaningful moment.

"..." Bill Ackerman didn't know how to answer. He found that there was probably no guy in the world who was more difficult to deal with than Huang He.

Fortunately, Huang He went on to say, "Although we are not qualified to pity them, we can share our happiness and happiness with them with a sharing mentality, so I am willing to share a part of me."

"It's a pity that Mr. Buffett's lunch auction is over, and I can't share it anymore!" Huang He said regretfully, saying that Bill Ackerman really wanted to roll his eyes directly.

I have seen shameless people, but I have never seen such shameless people!
"Mr. Huang, this is not a big problem. If you want, I can go and talk to Mr. Buffett. I think he will be willing to give you another chance to eat!" Bill Ackerman said.

"Hey, why is that so!" Huang He waved his hand, "Mr. Buffett is getting old, and eating too much greasy steak like steak is not good for his health, so I don't want to burden him anymore."

"Let's do this!" Huang He said with a smile, "We have an old saying in China called "Seeing the virtuous and thinking like others, since Mr. Buffett relies on auctioning his own luncheon to donate funds, then I will also take out one of my lunches for auction. The money I will also donate all to the church fund, what do you think?"

"Boiled!"

(End of this chapter)