Trading Paradigm

Train and Develop Professional-Level Trading Skills

  • ARTICLES
  • TOP RATED
    • Training & Mentorship
      • Tradacc Profile Method
      • TradeWithProfile Pathway
    • Funded Trader Program
      • Topstep Futures
    • Brokerage Platform
      • Edge Clear
  • FREE RESOURCES
    • Futures Trading
    • Active Trading (General)
  • FAQ
  • TRADING TRUTHS
    • The Fantasy Gap
    • Proper Expectations
    • Knowledge vs. Skills
    • Trading vs. Gambling
    • Entertainment vs. Training
  • TRADER PSYCHOLOGY
    • Natural Biases
    • The Mirror Concept
    • Self-Transformation
    • Failure is Feedback
    • More Mindset Articles
  • MARKET EDGE
    • Volume Profile
    • Expected Value Formula
    • Asymmetric Risk-Reward
    • Trade Tracking & Review
    • More Edge Articles
  • SOCIAL MEDIA
    • Twitter
    • YouTube
    • LinkTree
  • ABOUT
  • FREE FRAMEWORK COURSE & INTERACTIVE COMMUNITY → BECOME A CONSISTENTLY PROFITABLE TRADER

How Much Does Lunch With Warren Buffet Cost?

June 16, 2016 By Matt Thomas 2 Comments


Mystery Bidder Wins eBay Auction to Dine With Warren Buffet For $3,456,789:

For the past seventeen years since 2000, billionaire investor, Warren Buffet, has been auctioning off the opportunity for a personal lunch with himself – the legendary CEO of Berkshire Hathaway. This year, the “Power Lunch” with the Oracle of Omaha went for a whopping $3.5 million, tying the record for the highest bid since inception (2012’s winning bid was $3,456,789 as well). The week-long bidding process is an exciting time for all, as the proceeds go to benefit Glide, an anti-poverty organization based in San Francisco that provides meals, shelter, and other services to the city’s homeless and poor. Throughout the years, Buffet has raised over $20 million for the cause.

The lunch takes place at the Smith & Wollensky steakhouse in New York City, and while the lunch itself is on the house, the ticket to get there typically costs over $1 million (especially in recent years). The winning bidder is allowed to invite up to seven guests to join them, although some opt for a one-on-one dining experience with the most successful investor in the world. Former hedge fund manager, Ted Weschler, famously won consecutive Buffet lunch bidding wars from 2010 to 2011 totaling over $5.2 million, and was eventually offered a position within Berkshire Hathaway. For a fundraiser that started in 2000 with a winning bid of “only” $25,000, the price has steeply risen in 2016: $3,456,789. What would you pay for quality time with one of the greatest minds in the investing world? This just goes to show you the amazing impact that a knowledgeable and experienced mentor can have on a large group of people.

Related Post: Top 5 Investing Principles to Live By – Fortify Your Long Term Approach

Filed Under: The Daily Dose: Questions For Stock Traders

STOP TRADING BLIND. START USING THIS PROFESSIONAL TRADING TOOL.

SEARCH

Comments

  1. Jeremy Hood says

    November 10, 2016 at 2:41 pm

    That better be the best lunch you ever had! While I admit it would be very exciting to have lunch with Warren Buffet, I don’t see how you could justify paying 3.5 million dollars for it. I feel like I would need a net worth of several hundred million to pay that. And at that point, you would probably know him personally anyway!

    Reply
    • Matt Thomas says

      November 12, 2016 at 11:40 am

      $3.5 million for a ticket to lunch is certainly exorbitant, but the money goes toward a great cause and the highest bidders are certainly individuals with high net worths. Back in 2000, the highest bid was a “measly $25,000” and has grown to $3.5 million since then – it’s unbelievable, isn’t it?

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

STOP TRADING BLIND. START USING THIS PROFESSIONAL TRADING TOOL.

SEARCH

#1 Free Foundational Course

Trading Success Framework - Free Course

Overall Rating – 4.9/5 Stars

Get Started on the Right Path

#1 Trading Psychology Course

2ndSkies Trading With Chris Capre

Overall Rating – 4.8/5 Stars

Overcome Your Current Conditioning

#1 Training/Mentorship Program

Trade With Profile - Top Rated Active Trader Training Program

Overall Rating – 4.9/5 Stars

Acquire X-Ray Market Vision

#1 Funded Trader Program

Topstep Trader - Top Funded Futures Trading Program

Overall Rating – 4.8/5 Stars

Earn 5, 6, or 7-Figure Funding

#1 Training/Mentorship Program

What is Tradacc.com - Tradacc Reviews - How is Tradacc For Beginners

Overall Rating – 4.9/5 Stars

Accelerate Your Trading Journey

#1 Futures Brokerage Service

What is EdgeClear - Is it the Best Broker to Trade Futures With?

Overall Rating – 4.9/5 Stars

Learn More About EdgeClear/EdgeProX

Risk Disclaimer||Affiliate Disclosure||Privacy Policy||Site Map||Contact||About