Buffett to auction off one last private lunch

OMAHA, Neb. (AP) — The world’s most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time.

Buffett, Berkshire Hathaway’s CEO, held the lunch auction once a year for 20 years before the pandemic began to raise money for the Glide Foundation, which helps the homeless in San Francisco.

The auction has been on hiatus for the past two years, but Glide said Monday — a few days before thousands of shareholders are expected to gather at this week’s Berkshire annual meeting — that the event will be revived this year.

Every winning bid since 2008 has topped $1 million, and Buffett has raised nearly $34.5 million for the charity over the years.

https://apnews.com/article/business-california-san-francisco…

1 Like

Every winning bid since 2008 has topped $1 million, and Buffett has raised nearly $34.5 million for the charity over the years.

One has to wonder if anyone has done a Return on Investment of the thirty million$ of dollars exercise to determine how many of the homeless have “graduated” and gone on to lives of productivity and taking care of themselves.

Or are their statuses considered permanent, they have found a ‘home’ on the streets, and Glide simply uses the money to just feed and house them. No effort to get them self sustaining. And possibly attract new candidates to partake of the largesse?

The SF problem seems intractable, and mirrors the issue in other CA cities. If the supply problem of new entrants to the life style is not addressed, it is unlikely going to see any solution going forward.

1 Like