Thursday, March 6, 2008

I wonder how much of Mr Gates’ worth was real-estate. :)

Buffett Ousts Gates as World's Richest Man

It is certainly a dawning of a new era. But not just because of Gates' fall. The 22nd annual rankings of the World's Billionaires reflects all sorts of upheavals in the list's makeup. Two years ago, half of the world's 20 richest were from the U.S. Now only four are. India wins bragging rights for having four among the top 10, more than any other country.

Posted by lvmreader @ 02:37 AM (613 views)
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9 thoughts on “I wonder how much of Mr Gates’ worth was real-estate. :)

  • Although this is an interesting read lvmreader, I fail to see its connection to HPC – Gates has probably dropped due to microsofts competitors comming up with better products and his share value falling due to the, so far, failed purchase of YAHOO. As I say, good to know who has all the wealth and be reminded how unequally it is shared, as with housing and land ownership in the UK, but this really has less to do with HPC than the cost of commodities and precious metals..

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  • Bill Gates has given away a large amount of his fortune. Perhaps he would like to be remembered as someone who erradicated a major disease or helped people rather than “just being rich”. Gates is a pioneer and a builder.

    Warren Buffet is a speculator, not a builder. Perhaps it’s the sign of the times. The trouble with speculation is that soon everyone wants to sit in an armchair and watch their investment grow….

    ……that’s how we got the housing bubble, I think.

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  • At least there are no estate agents on the list.

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  • alan – Warren Buffet is very much a builder and hardly. My understanding is that he is very much a value investor who believes that good management of a good company makes money – though of course he doesn’t not speculate (sometimes double negatives capture the right flavour). His company has had positions in the Brazilian Real for instance over the past few years. From his letters to investors etc. that I have read, he seems a million miles away from the private equity vultures in attitude. When he buys a company, he is in it for the long run. This is also the man who called derivatives weapons of mass financial destruction. I suspect the world economy would be much more stable if more companies were run by Berkshire Hathaway style managers.

    Whilst I applaud Bill Gates’ funding of Malaria research etc., I would say that Microsoft has moved a long way from being a builder to a pseudo-monopoly that actually retards development in computer software (and no, I am not a Linux for Mac freak.) I’m thoroughly convinced that Microsoft Word, Access and Excel retard productivity relative to the possibilities of other less cacked up wordprocessors, dbs and spreadsheet programs (e.g. Improv and Quantrix).

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  • Oops – first sentence should read:
    “Warren Buffet is very much a builder and hardly a speculator.”

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  • Alan – you’re a fool. Go and look at how Buffett invests and what he believes in. Go read the Berkshire Hathaway chairman’s letters, for instance.

    Buffett’s donated his fortune to Bill Gates’ fund – he doesn’t even care that his name’s not on it, he just wants the cash to do as much good as possible. *That* is true altruism.

    Seriously, alan, why bother commenting on this if you know so little about it?

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  • @bystander – don’t read it then.

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  • @James (Mr Buffet), please post under your own name.

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  • Awww… lvmreader, you say the nicest things!

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