Santangel's Review

Commentary

Buffett Charity Lunch

The Buffett charity lunch bidding has begun. Some past winners have remained anonymous, others have used it to promote themselves, and one in particular got himself a decent new job out of it. The most interesting footnote, though, is the astute investor who paid a mere $250,100 in 2003. In the ten years since this bidder won, the price of the lunch has appreciated to a peak of $3.46 million, a 30% CAGR.

The name of this 2003 bidder: David Einhorn of Greenlight Capital.