Wednesday, June 28, 2006

Buffet's Contribution

Having praised Gates for taking the lead, it will be shame if Warren Buffet is not given similar or better kudos for his recent decision to contribute to the Gates & Melinda Foundation. There is excellent column in today's WSJ (subscription required).

"...But the title should really go to Mr. Buffett. Mr. Gates, after all, is following a well-worn path, in the footsteps of Carnegie, Rockefeller and Mellon. Mr. Buffett is blazing a new trail. He is giving his massive fortune to another man's foundation, he's not asking for his name on the door, and he's insisting the money be spent as it comes in, rather than build up over generations to provide some intimation of immortality...."