The Buffett-Gates partnership
Warren Buffett set markets alight yesterday by his proposal to send the cavalry into the gloomy American financial sector to cherry-pick the less toxic bonds held by the three US bond insurers. Meanwhile Bill Gates' old shop Microsoft is trying to win over Yahoo shareholders in order to take control. Buffett and Gates are good friends and bridge partners. They once took a train journey from Alaska to California purely to be able to play bridge 12 hours a day and they paid for a first class plane ticket for Fred Gitelman, a well-known American player, to make up the four with Sharon Osberg, another bridge partner of Gates.
posted by Whispering Walls at 8:59 am
4 Comments:
Very clever PR by The Sage - he is charging 2% for what everyone else has been asking 1%, and has offered to take on whatever the others want to give him at 1.5%. If he picks anything up he makes a fortune. If he doesn't, he appears as a hero. Brilliant - but what one would expect.
He's a legend
I'm going to start learning bridge soon, but doubt I could match Gates' stakes. I would love to join him on this kind of journey, a truly unforgettable experience.
You may be able to play with him online at www.bridgebaseonline.com!
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