The Australian — Business
In land of philanthropy, $2bn is just start
Warren Buffet's pledge to charity is a mark of US economic character, Gerard Baker writes
June 28, 2006
HIS many aficionados in the investing world have long admired Warren Buffett's lapidary writing style. The newsletters he sends to investors are in their own right literary gems, full of deadpan humour, folksy observations on current events and studied understatement.
It was this last device that was most noticeable in the letter he sent this week to the Bill and Melinda Gates Foundation. In it, he pledges an initial 'material' contribution of shares in his investment company worth about $US1.5 billion ($2 billion) and then adds that, over the next few y"