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What Buffett and Gates Discussed at Secret Conference

NIALL O'DOWD

IrishCentral.Com Publisher

Published Saturday, May 23, 2009, 12:57 PM

Updated Thursday, July 23, 2009, 6:06 PM

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Read more: Bill Gates, Warren Buffett, Charles Feeney, Ireland, George Soros, Manhattan, Michael Bloomberg, Oprah Winfrey, Bill & Melinda Gates Foundation, IrishCentral.com

Warren Buffett and Bill Gates

It may sound absurd to some, but when you try to give money way there are massive legal and technical issues to overcome. You have to guard above all against money being wasted, or corruptly spent. The more of a deadline there is the more the opportunity to squander it.

It’s a reality that it is actually very difficult to give away all that money that quickly. Atlantic does a phenomenal job, but even they struggle with the concept.

This is something that Gates and Buffett are sure to encounter. Their fortunes are far larger and Buffett has essentially transferred the vast majority of his wealth to the Gates Foundation. One of the main topics of discussion for the men and women at their secret conference was how to expend their fortunes as quickly as possible in this time of maximum need.

It is the opposite of how the vast majority of us live carefully saving to make sure we have enough to get through life. The billionaires have problems spending it on good causes. Life is strange sometimes.

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What Buffett and Gates Discussed at Secret Conference

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