In regards to his decision to donate 31 billion to the Bill and Melinda Gates Foundation Warren Buffet the world's second richest man has said:
A market system has not worked in terms of poor people," Mr. Buffett said yesterday, in an interview taped earlier in the day for "The Charlie Rose Show" on PBS.
As for any thought he might have had in giving the bulk of his billions to his three children, Mr. Buffett was characteristically blunt. "I don't believe in dynastic wealth," he said, calling those who grow up in wealthy circumstances "members of the lucky sperm club."Its refreshing to read something nice in the business section.