Warren Buffett, the 2nd richest man in the world, is giving away his fortune, most -- $30 billion -- to the Bill & Melinda Gates Foundation. As many of you know, Buffett is a disciple of the Benjamin Graham, a hero of mine and a mid-20th century professor of investing at Columbia University.
I am happy that most of his money will be going to the Gates Foundation rather than the Susan Buffett Foundation, which focuses more on pro-choice issues and gives lots of money to institutions like Planned Parenthood. The Gateses seem to care about population growth, but are attempting to solve it by alleviating poverty and disease -- a much more progressive approarch.
Charlie Rose had a good hour-long interview last evening with the Gateses and Buffett. It is available on Google Video for $0.99. There's lots of substance in the interview, including the reasons why he's giving the money away rather than giving it to his children.