Wednesday, July 11, 2007
2007: (76 Years old) Buffett looking for a younger successor or perhaps successors to run his investment business.
In a letter to shareholders, Buffett announced that he was looking for a younger successor or perhaps successors to run his investment business.Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett.
2006: (75 years old) give away more than 80%, or about $37 billion, of his $44 billion fortune to five foundations.
Buffett announced in June that he would give away more than 80%, or about $37 billion, of his $44 billion fortune to five foundations in annual gifts of stock, starting in July 2006. The largest contribution will go to the Bill and Melinda Gates Foundation.
2002: (72 years old) Buffett entered in $11 billion worth of forward contracts to deliver US dollars against other currencies.
By April 2006, his total gain on these contracts was over $2 billion.
1988: (58 years old) Buffett began buying stock in Coca-Cola Company, eventually purchasing up to 7 percent of the company for $1.02 billion.
It would turn out to be one of Berkshire's most lucrative investments, and one which it still holds.
Tuesday, July 10, 2007
1985: Buffett purchases Scott &
It costs around $315 million, and boasts such products
as Kirby vacuums and the World Book Encyclopedia.
as Kirby vacuums and the World Book Encyclopedia.
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