With a winning bid of $650,100, Mohnish Pabrai of Pabrai Investment Funds and Guy Spier of Aquamarine won the yearly charity auction with Warren Buffett. The lunch will be held at New York's Smith & Wollensky steakhouse with proceeds benefiting the Glide Foundation.
The interesting thing is that I know what Mohnish plans on discussing with Warren. Mohnish was kind enough to meet with me and several other Anderson students for an informal question and answer session on July 27th. When asked what he planned on discussing with Warren if he won, Mohnish explained that he planned on talking about charity work and estate planning (Mohnish's fund does well enough that I don't think he needs the investment advice or publicity). Following Warren's generous lead, Mohnish plans on giving back most of his estate back to the public starting with his own nascent philanthropic organization, Dakshana. He also said that he was letting his daughters come up with their own questions for Warren to answer. I'm sure they will charm the soft-hearted Uncle Warren. Seems like it will be a memorable conversation for all parties while at the same time benefiting two great causes. By any measure, that's an excellent ROI.
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