Value Investing the Buffett Charity Lunch
From
Santangel's Review:
The Buffett charity lunch bidding has begun. Some bidders have remained anonymous, others have used it to promote themselves, and one in particular got himself a decent new job out of it.
The most interesting footnote, though, is the astute investor who paid a
mere $250,100 in 2003. In the ten years since this bidder won, the
price of the lunch has appreciated to a peak of $3.46 million, a 30%
CAGR.
The name of this 2003 bidder: David Einhorn of Greenlight Capital.