what's it like to ask warren buffett for money

7/28/2019 What's It Like to Ask Warren Buffett for Money

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What's it like to ask Warren

Buffett, the third wealthiest

man in the world, for money?

Though he has pledged to

give aw ay 99% of his

fortune, it's apparently not so

easy to get the Oracle of

Omaha to w rite a check.

Just ask Columbia Business

School Dean Glenn Hubbard

w ho is in the midst of raising

$500 million for a new

business school campus.

Buffett enrolled at Columbia Business School af ter learning that s ecurities analysts Benjamin

Graham and David Dodd, authors of one of his favorite investing books, taught there. He

ultimately earned an MS degree in economics from Columbia in 1951.

Buffett, w hose net w orth is estimated at around $50 billion after having given billions aw ay

largely to the Gates Foundation, w as an obvious person f or Hubbard to come to w ith tin cup

in hand. But in an interview w ith PoetsandQuants.com, Hubbard acknow ledged that he hasn't

been very successful.

"You know," says Hubbard, "Warren is close to the school. He visits and sees our s tudents.And he says amazing things. He says that Columbia Business School changed his life. Its

terrif ic. But thats not going to happen."

Asked if that's because Buffett prefers to put his money into saving lives rather than training

investment bankers, Hubbard insists that a business s chool has social value.

"I think what w e are doing makes a social difference. I think people w ho go out and create

w ealth are a noble thing. I often sit w ith donors w ho say they w ould rather give to the

hospitals or the medical school and I talk them out of it not because I dont think giving to

medicine is not valuable but w e are valuable, too. Its not just minting investment bankers.

Thats not w hat our life is about. I have made this argument to Warren. I have made so many

arguments to Warren," adds Hubbard.

"One of his points w as, I invest better than you and so I want to hold the money.

"And I said, Well I have a great deal for you, Warren. Just give me stock. I w ont sell it. I w ill

hold it.

"He said, Youre good but youre not that good."

For the rest of our interview w ith Hubbard which includes his views on the value of the MBA,

the impact of online technology on business education, and w hy he f elt like Wile E. Coyote

w hen the schools MBA applications plunged 19% last year, see PoetsandQuants.com:

A Rem arkably Candid Interview With Columbia Business School Dean Glenn

Hubbard

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Joseph InceJoseph Ince

Director, Incegroup LimitedDirector, Incegroup Limited

Everyone should not get a free ride. Look after the weak and vulnerable, those whoEveryone should not get a free ride. Look after the weak and vulnerable, those who

cannot take care of themselves and do not have the abili ty to. Boosting u p anothercannot take care of themselves and do not have the abili ty to. Boosting u p another

university is not a need. There are several public and private universities, online even.university is not a need. There are several public and private universities, online even.

hen a m an is financiall y sound and would have spent his or her lifetime saving andhen a m an is financiall y sound and would have spent his or her lifetime saving and

investing wisely, its not so easy to just give it away, and you should have a choice whoinvesting wisely, its not so easy to just give it away, and you should have a choice who

you are going to give it to.you are going to give it to.

1mth1mth

Oliv er LipsonOliv er Lipson

CEO at Western UK Property GroupCEO at Western UK Property Group

His money should go to finding a new energy source.....His money should go to finding a new energy source.....

2mth2mth

Michael ObembeMichael Obembe

Serv ices Engineer - Charging System at LMN Ericsson Nigeria LtdServ ices Engineer - Charging System at LMN Ericsson Nigeria Ltd

Just asking how the new things can be, then its time to as life what it can be when weJust asking how the new things can be, then its time to as life what it can be when we

stand? http://www.facebook.com/myNai jaGi ststand? http://www.facebook.com/myNai jaGi st

3mth3mth

Charles EgwurugwuCharles Egwurugwu

EngineerEngineer

arren Buffet can rather give to charity homes or invest for human development.arren Buffet can rather give to charity homes or invest for human development.

3mth3mth

alice eunice behrensalice eunice behrens

VETERAN DATA AGENT....PRAISATHON...TBN (trinity broadcas ting network..2013VETERAN DATA AGENT....PRAISATHON...TBN (trinity broadcas ting network..2013

be sweet...ask for a settlement....and go back to sleep...because that ice cream forbe sweet...ask for a settlement....and go back to sleep...because that ice cream forbreakfast...just does not work for me e ithe r....and personal ly...GEICO...not the com panybreakfast...just does not work for me e ithe r....and personal ly...GEICO...not the com pany

hat the advertisement has created...it does not like motorcycle claims...and looks likehat the advertisement has created...it does not like motorcycle claims...and looks like

rouble at the toprouble at the top

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alice eunice behrensalice eunice behrens

VETERAN DATA AGENT....PRAISATHON...TBN (trinity broadcas ting network..2013VETERAN DATA AGENT....PRAISATHON...TBN (trinity broadcas ting network..2013

what does daunting mean...i sure know what it feels like...is he still offering chumpwhat does daunting mean...i sure know what it feels like...is he still offering chump

change??? and is this a joke???change??? and is this a joke???

3mth3mth

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3/4

Regional Sales Manager at ArcomRegional Sales Manager at Arcom

Asking an yone for money is a daun tin g task. The gi fts Warren Buffett and Bi ll Gates offerAsking an yone for money is a daun tin g task. The gi fts Warren Buffett and Bi ll Gates offer

extend far deeper than any of us see on a daily basis. Rather than give specifically toextend far deeper than any of us see on a daily basis. Rather than give specifically to

The Columbia Business School, challenge Mr. Buffett to go back to the well. Ask Mr.The Columbia Business School, challenge Mr. Buffett to go back to the well. Ask Mr.

Buffett to establish a fund, administer its investments and create continued positive cashBuffett to establish a fund, administer its investments and create continued positive cash

flow. Allocate 10% each year to enhance the ini tial gift and then disburse 90% of theflow. Allocate 10% each year to enhance the ini tial gift and then disburse 90% of the

positive cash flow toward making education more affordable ini tially for a few hundredpositive cash flow toward making education more affordable ini tially for a few hundred

students. Offer $2000 $5000 i n annual ly renewable grants and all ow them to go tostudents. Offer $2000 $5000 i n annual ly renewable grants and all ow them to go to

good students from middle class families to offset the huge financial debt most of themgood students from middle class families to offset the huge financial debt most of them

see po st-graduation . Ask Mr. Buffett to re-grow his investment to cover add iti onalsee po st-graduation . Ask Mr. Buffett to re-grow his investment to cover add iti onalstudents yearly. Allow the recipients to decide which University they will attend and thestudents yearly. Allow the recipients to decide which University they will attend and the

career path they will follow, by doing so if we are very lucky it will create the next Warrencareer path they will follow, by doing so if we are very lucky it will create the next Warren

Buffett and asking for funds will hopefully get easier.Buffett and asking for funds will hopefully get easier.

3mth3mth

Lennarth EngmanLennarth Engman

Looking for a new professional challenge in 2013.Looking for a new professional challenge in 2013.

hats the chances, really and for whatever purpose, to get money funded from a manhats the chances, really and for whatever purpose, to get money funded from a man

hat eats icecream for breakfast?hat eats icecream for breakfast?

3mth3mth

Gavin M cPhersonGavin M cPherson

Owner, Oasis PropertyOwner, Oasis Property

unreal article from the masterunreal article from the master

3mth3mth

Greg RobeyGreg Robey

Co-Founder & Managing Member at Quidubi Partners, LLCCo-Founder & Managing Member at Quidubi Partners, LLC

arren is probably li ke most people in his generation that have spent a li fetime savingarren is probably li ke most people in his generation that have spent a li fetime saving

money and really don't feel comfortable spending it.money and really don't feel comfortable spending it.

3mth3mth

Mohamed Baqer - [email protected] Baqer - [email protected]

HR Manager - How can I help you?HR Manager - How can I help you?

hy wealthy people have too many admirers ? Don't they deserve some criticizinghy wealthy people have too many admirers ? Don't they deserve some criticizing

because they hold billions while others starving ?because they hold billions while others starving ?

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Ron AlfordRon Alford

Founder, The DISASTER MASTERS (R)Founder, The DISASTER MASTERS (R)

ho knows that Warren Buffett's GEICO insurance company spent a little over a billionho knows that Warren Buffett's GEICO insurance company spent a little over a billion

dol lars this year adverting teaching working class consumers and their kids to be ignorantdol lars this year adverting teaching working class consumers and their kids to be ignorant

and to trust a lizard. Forbes magazine reported that this little trick to convincedand to trust a lizard. Forbes magazine reported that this little trick to convinced

consumers that the l izard can save them m oney earned Buffett another 660 mi lli on atconsumers that the l izard can save them m oney earned Buffett another 660 mi lli on at

he expense of working class auto and home owners. It that necessary?he expense of working class auto and home owners. It that necessary?

4mth4mth

John ButlerJohn Butler

Research & Dev elopment at Stuller, Inc.Research & Dev elopment at Stuller, Inc.

No Doubt Mr. Buffet knows how to make money. Now it is about perusing his agenda. HisNo Doubt Mr. Buffet knows how to make money. Now it is about perusing his agenda. His

force is felt and heard by h is incredibl e empire. When he speaks or makes a businessforce is felt and heard by h is incredibl e empire. When he speaks or makes a business

move, it is hard to understand from a perspective of only looking at that event, lookingmove, it is hard to understand from a perspective of only looking at that event, looking

at many shows a direction. Try teaching and persuading students to have great businessat many shows a direction. Try teaching and persuading students to have great business

minds that line up with his agenda. He will then feel like you are creating warriors thatminds that line up with his agenda. He will then feel like you are creating warriors that

have the same un-surrendering purpose. You might learn more about him with a debatehave the same un-surrendering purpose. You might learn more about him with a debate

on many issues, rather than him teaching on any element of enterprise. Good luck!on many issues, rather than him teaching on any element of enterprise. Good luck!

Good article!Good article!

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Executive Director at Aon Risk SolutionsExecutive Director at Aon Risk Solutions

I found this article very interesting... My argument will be Warren is a genious and a roleI found this article very interesting... My argument will be Warren is a genious and a role

model to all of investment bankers in terms of making money and wisely spending it.model to all of investment bankers in terms of making money and wisely spending it.

Thats why havard needs his investment in training new generations of bankers with suchThats why havard needs his investment in training new generations of bankers with such

mindset. A proposal is also a must to convince himmindset. A proposal is also a must to convince him

4mth4mth

Krishna LakkineniKrishna Lakkineni

President of ROI Media Works (Digital Agency)President of ROI Media Works (Digital Agency)

I wonder how much donation he is requesting. Mr. Buffett is wise to see value of MBA.I wonder how much donation he is requesting. Mr. Buffett is wise to see value of MBA.

He understands that technology and distance education can be used instead of aHe understands that technology and distance education can be used instead of a

physical bui lding. Al so the decline in MBA adm issions might have put him o ffphysical bui lding. Al so the decline in MBA adm issions might have put him o ff

4mth4mth

Phuong Le Callaway, PHD, SWP (Work: 571-223-3941)Phuong Le Callaway, PHD, SWP (Work: 571-223-3941)

Performance efficiency, workforce planning, employee motivation, engagement,Performance efficiency, workforce planning, employee motivation, engagement,

organizational trust and job satisfactionorganizational trust and job satisfaction

It seems as Warren Buffett wanted to see how his money can be invested andIt seems as Warren Buffett wanted to see how his money can be invested and

appreciated over time. Investing i n a physical buildi ng is a depreciation! Some p eopleappreciated over time. Investing i n a physical buildi ng is a depreciation! Some p eople

give money to charity based on their personal values and their personal experiences.give money to charity based on their personal values and their personal experiences.

One cannot win over values!One cannot win over values!

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Rashika BhatRashika Bhat

----

seriously it take guts to give away for charity, so i would suggest Mr. Hubbard to presentseriously it take guts to give away for charity, so i would suggest Mr. Hubbard to present

an investment proposal rather , that might help hi m.an investment proposal rather , that might help hi m.

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Joe De AngelisJoe De Angelis

Volunteer I Veteran I Open to new opportunities in the US & EUVolunteer I Veteran I Open to new opportunities in the US & EU

It appears Mr. Buffet is not a fan of top flight schools. Or is it something else?It appears Mr. Buffet is not a fan of top flight schools. Or is it something else?

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Katherine WilliamsKatherine WilliamsEcclesiastes 5:19 Every man also to whom God has given richesEcclesiastes 5:19 Every man also to whom God has given riches

and wealth, and h as given hi m power to eat of it and to take his portion and to rejoiceand wealth, and h as given hi m power to eat of it and to take his portion and to rejoice

in his labor; this is the gift of God.in his labor; this is the gift of God.

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