How much will you pay to have lunch with Warren Buffett??

It’s time once again for Warren Buffett to auction himself off for a good cause. Each June, Buffett heads to eBay to offer up a lunch for eight people to benefit the Glide Foundation, an organization that provides social services to the poor and homeless in San Francisco.

The lunch is up for bid on eBay until June 11, 2010 at 7:30 pm PDT. As usual Buffett will dine with the winning bidder and up to seven friends at Smith & Wollensky in New York. All bidders must pre-qualify and the opening bid is $25,000. Last year the auction brought in $1.68 million and Buffett has made as much as $2.1 million for Glide with this annual offer. The Wall Street Journal reports that past auctions have raised about $6 million in total for the foundation. On June 11 the last hour of bidding will be broadcast on a screen for the crowd at a fundraising dinner for the organization.



Posted in Chedda by djezzzdick | Tags: , , , , , ,


Study shows luxury changes ppl for the worse

A new study found that when people are exposed to luxury they become more self-centered and less empathetic towards others.

The study was put together by Harvard professor Roy Y.J. Chua and London Business School assistant professor Xi Zou as a step towards understanding how luxury goods effect the human psyche, and as a means of explaining the harmful decisions of wealthy groups like Wall Street executives. In the study people were asked to make a series of decisions designed to pit self-interests against society-interests, and the people who thought about luxury immediately before the test made more selfish and potentially harmful decisions than those who didn’t.

The results seem to suggest that businessmen who have meetings at posh resorts surrounded by opulence and luxury will make more profit-driven, self-interested decisions than those who meet in a modest conference room.




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Posted in Chedda, hYphY talk by djezzzdick | Tags: , , , , , , , , , ,


Wall Street Hustlers 09

This playboi named Raj Rajaratnam along with 5 others (Rajiv Goel, Robert Moffat, Anil Kumar, Danielle Chiesi,  & Mark Kurland) all top level executives for different firms, hustled about $20mill in insider trading, with companies like google, AMD, and hilton holtels just to name a few.

This is going down in the books as one of the BIGGEST Hedge Fund Hustles (that was prosecuted) of all time! Caz you know all these wall street/hedge fund cats be hustling like this on the daily, these are just a few that actually got caught.




Posted in Chedda, Jigga boo's, hYphY talk by djezzzdick | Tags: , ,


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