Warren Buffet

Warren Buffett Pledging $54 billion to charity


The world’s second richest man, Warren Buffett, is pledging 84 per cent of his fortune to charity - that’s about $54 billion. In an interview with Fortune magazine 75 year old Buffet planned to give away more than $54 billion in stock in his Berkshire Hathaway investment firm, starting in July. Warren Buffet is the chief executive and chairman of Berkshire Hathaway, owning 474,998 Class A shares in the company, a stake of nearly 31 percent that was worth nearly $US44 billion in late June, Fortune said.

Buffett Optimistic about the Market: Sells Put Option Insurance


Buffet is optimistic that the markets will not crash in the near future & sells financial instrument like insurance: Put options

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