Previous auction winners have included Greenlight Capital’s David Einhorn, who was the highest bidder in 2003. “We are going to have a good time, and Glide will use his contribution to help many thousands of people.” “I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends,” Buffett said in an emailed comment from his assistant. Glide provides meals for the city’s homeless, offers support to domestic violence victims, and helps people find shelter. More than $30 million has been raised over the years, as bid amounts have climbed. The annual auction raises money for San Francisco-based charity Glide, which Buffett’s late wife Susan supported. Alphabet, the parent of Google and even Apple.” “Buffett has admitted he overpaid for big investment food giant Kraft Heinz Co., while failing to realize the potential of the likes of Inc. “Even one of the most successful investors of all times can sometimes miss a coming wave,” Sun wrote in an open letter to the crypto community. The 95-year-old Munger called Bitcoin a “ noxious poison.” Buffett, who says there’s no value being produced from the asset, at least gave a nod to blockchain technology as “important” in an interview with CNBC earlier this year. “Investment opportunities are best when lots of people are underestimating the technology.”īuffett and his longtime business partner Charles Munger have criticized cryptocurrencies in the past. “It is very common in investment circles that people will change their minds,” Sun said in a telephone interview. Buffett said he’s looking forward to meeting Sun and his friends. The 28-year-old Chinese entrepreneur said he hopes to educate the Oracle of Omaha on cryptocurrency and the underlying technology, called blockchain. It’s valued at $2.56 billion and is the 10th largest cryptocurrency in the world, according to data provider. Sun launched Tronix, also known as Tron or TRX token, in 2017.
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