Ted Weschler of Charlottesville, Va., paid $2.6 million dollars at a charity auction in both 2010 and 2011 to have lunch with Warren Buffett.
In a press release, yesterday, Berkshire Hathaway announced that Weschler was joining Buffett and another partner to manage some of Berkshire's equity holdings. But the interesting part comes later in the release, when the company says:
Warren Buffett, Berkshire's Chairman, will continue, however, to manage most of the funds until his retirement.
Originally published on Fri September 16, 2011 3:30 pm
Now the nation's pediatricians have waded deep and early into the race for the presidency. In an unusual instance of political fact-checking of a candidate's statements by physicians themselves, the American Academy of Pediatrics has a tough prescription for Republican Rep. Michele Bachmann: Get your facts straight on the HPV vaccine.
Tuesday's hearing in the supercommittee was supposed to be about the history of the current debt crisis. Almost nothing causes more partisan bickering than that. Each party is fervent in its belief about who drove the government into the ditch — namely, the other guys.
On Tuesday, however, Doug Elmendorf, the man who runs the non-partisan Congressional Budget Office (CBO), immediately dispensed with the question of blame and laid out the options for the supercommittee.
It's been nearly four months since a tornado slammed into Joplin, Mo., destroying about one-third of the city. More than 525 businesses were in the direct path of the storm.
Now as they rebuild, business owners are seeing some opportunities in the wake of their tremendous losses.
'Can Do' Attitude
After the tornado hit, the building that housed the Medicine Shoppe Pharmacy in Joplin was destroyed. A safe used to store narcotics was one of the only things to survive and even it got knocked over by the powerful winds.
Here's a warning: if you start reading Patricia Marx's new novel in public, you might just find yourself snorting out loud — and with some explaining to do.
The book, Starting From Happy, is a sharp-edged love story told in 618 mini-chapters. It's sprinkled with Marx's quirky line drawings of origami instructions, pie charts, pasta shapes, and — for no apparent reason — a kumquat.