Jun 27, 200610:56 AMThe Life
World's 2nd richest man gives to richest
Jun 27, 2006 - 10:56 AMPhilanthropy is a big preoccupation in the Coachella Valley, so it might be useful to examine some of Warren Buffett's comments, when he announced that most of his fortune would end up with the Bill & Melinda Gates Foundation:
What can be more logical, in whatever you want done, than finding someone better equipped than you are to do it? Who wouldn't select Tiger Woods to take his place in a high-stakes golf game? That's how I feel about this decision about my money. [...]
And frankly, I have some small hopes that what I'm doing might encourage other very rich people thinking about philanthropy to decide they didn't necessarily have to set up their own foundations but could look around for the best of those that were up and running and available to handle their money.