Download Complete 2016 Summit Agenda

Total Page:16

File Type:pdf, Size:1020Kb

Download Complete 2016 Summit Agenda 2016 VIC OMAHAOMAHAOMAHA Social Value Investing. VALUEVALUEVALUEVALUE Strategic Giving. DIDINNENNERRDIDIDINNENNENNERRRDINNER Meaningful Impact. April 28 - 29, 2016 University of Nebraska at Omaha, College of Business Administration Thursday, April 28, 2016 ValueValue InvestorInvestor University of Nebraska at Omaha Mammel Hall ConferenceConference (67th St. and Pine) AgendaAgenda 4:30 p.m. - 5:15 p.m. Registration Mammel Hall Atrium 4:30 p.m. - 6:00 p.m. Welcome Conference Bookstore Open Mammel Hall Atrium 5:30 p.m. - 5:35 p.m. Welcome to our visitors from around the globe Robert Miles representing six continents and 33 countries. Those Author, UNO Faculty, Host arriving early have been able to attend the first ever Welcome Philanthropy Summit, featuring a panel discussion with Warren Buffett’s children, Susie Buffett and Peter 5:35 p.m. - 6:15 p.m. Buffett. Thank you for coming to the 13th Annual Tom Gayner Value Investor Conference along with the Omaha Co-CEO, Markel Corp Value Dinner. We hope you enjoy the Omaha events and Berkshire shareholder’s weekend and plan to join “Drinks” us again next year. 6:15 p.m. - 6:45 p.m. Sincerely, Reception Robert P. Miles, Summit and Conference Director, New Location: Scott Conference Center (6450 Pine St.) Author, International Speaker, Warren Buffett Scholar, Adjunct Faculty, University of Nebraska at Omaha, 6:45 p.m. - 7:15 p.m. Dinner Scott Conference Center 7:15 p.m. - 8:15 p.m. On behalf of the faculty, staff and students of the University of Nebraska at Omaha College of Business Chuck Akre, Founder Administration, welcome to Mammel Hall. We are CEO, CIO, Akre Capital Management honored to host all of you visiting our university from “What Are We After With Our Investment Strategy?” around the globe, representing 33 countries, making our college a United Nations of intellectual curiosity Friday, April 29, 2016 and wonder. I am looking forward to personally University of Nebraska at Omaha Mammel Hall (67th St welcoming you to our campus, and learning along with & Pine) you as we explore the philathropic endeavors of the Buffett family followed by world-class value investing 7:30 a.m. - 8:00 a.m. presentations by a variety of knowledgeable speakers. Registration - Breakfast & Coffee Mammel Hall Atrium Sincerely, Louis G. Pol, Ph. D. 8:00 a.m. - 6:00 p.m. John Becker Dean, College of Business Administration Conference Bookstore Open University of Nebraska Omaha Mammel Hall Atrium 8:00 a.m. - 8:40 a.m. 1:00 p.m. - 1:40 p.m. ValueValue InvestorInvestor Aswath Damodaran Fred Kiel Conference Author, Professor, NYU Author, Co-Founder, KWL International Conference “Price or Value? What’s Your Game?” “Return on Character: The Real Reason Leaders and AgendaAgenda Their Companies Win” 8:40 a.m. - 9:20 a.m. Anna Nikolayevsky 1:40 p.m. - 2:20 p.m. Founder, CIO, Axel Capital Management Rupal Bhansali “Global Macro: Drinking Upstream From the Herd” Executive Vice President and Chief Investment Officer, Global Equities Portfolio Manager Ariel Investments 9:20 a.m. - 9:40 a.m. “The Case for Contrarian Intrinsic Value Investing” Break 2:20 p.m. - 2:40 p.m. 9:40 a.m. - 10:20 a.m. Break Brian Bares CFA, Founder, CIO, Bares Capital Management 2:40 p.m. - 3:20 p.m. “Finding an Edge: Creating a Moat Around an Investment Michael van Biema Process” Author, Professor, Founder, Managing Partner, van Biema Value Partners 10:20 a.m. - 11:00 a.m. AND Tren Griffin Allen Benello Author, Senior Director, Microsoft CFA, Author, General Partner, White River Partners “Charlie Munger: Evolving Value Investing Beyond Cigar “Concentrated Investing: Strategies of the World’s Butts” Greatest Concentrated Value Investors” 11:00 a.m. - 11:20 a.m. 3:20 p.m. - 4:20 p.m. Break François Rochon 11:20 a.m. - 12:00 p.m. Founder, President, Portfolio Manager, Giverny Capital Jeff Auxier [Canada] Founder, CEO, CIO, Auxier Asset Management “The Art of Investing” “A Farmer’s Perspective on Stock Picking Along the Food 4:20 p.m. - 4:40 p.m. Value Chain” Break 12:00 p.m. - 1:00 p.m. 4:40 p.m. - 5:40 p.m. Lunch Charles Brandes Mammel Hall Atrium CFA, Founder and Chairman, Brandes Investment Partners Roger Lowenstein Chairman, Sequoia Fund; Author “A Conversation with Charles Brandes by Roger Lowenstein” 5:40 p.m. - 5:45 p.m. Robert Miles, Author, UNO Faculty, Host Closing Remarks PhilanthropyPhilanthropy 11:40 a.m. - 12:10 p.m. Summit Dr. Angela Eikenberry Agenda Author, Professor, University of Nebraska Omaha Topic: “Three Approaches to Making Meaningful Impact Through Thursday, April 28, 2016 Philanthropy: Lessons from Giving Circles” University of Nebraska at Omaha Mammel Hall (67th St & Pine) 1. Discuss different approaches to philanthropy and their 9:15 a.m. - 9:55 a.m. implications. 2. Learn about different types of giving circles and Social Value Investing. Registration changing approaches to giving. Abstract: What is philanthropy Strategic Giving. Mammel Hall Atrium for? Making us more fully human? Saving lives efficiently? Meaningful Impact. Bringing about systemic change? In a TED Talk-like format, Dr. 10:00 a.m. - 6:00 p.m. Eikenberry discusses three approaches to thinking about and Summit Bookstore Open doing philanthropy and their potential implications. She does this Mammel Hall Atrium by drawing on a decade of research on giving circles, groups of 9:55 a.m. - 10:00 a.m. people who pool their money and time to support charities or social Robert Miles enterprises in an engaged and social way. Host 12:10 p.m. - 1:10 p.m. Welcome Lunch 10:00 a.m. - 10:20 a.m. Mammel Hall Atrium Robert Miles 1:10 p.m. - 1:50 p.m. Author, UNO Adjunct Faculty Katie Weitz Topic: “Warren Buffett an Intelligent Philanthropist: A Thinking Community Consultant, Executive Director, Weitz Family Man’s Gift to the World” Foundation 1. Making money by investing in sure bets versus giving it away with Topic: “The Power and Pitfalls of Experimental Philanthropy huge unknown results. 2. Learn how Warren Buffett built his wealth Asking the Right Questions:” by partnering with outstanding people and how he is giving it away Is it possible to get “informed consent” in philanthropy? Is it under the same guiding principles. 3. Investing and giving in a very possible to “do no harm” when engaging in philanthropy? What concentrated way. does it mean to validate and replicate? Any good experiment can 10:20 a.m. - 10:50 a.m. be replicated, but who is responsible to do the additional testing? Steve Jordon Where is peer review? Is it responsible philanthropy to “scale” your Author, Journalist, Omaha World-Herald own project? Where is the “what doesn’t work” clearing house? Topic: “How Omaha and Warren Buffett Shaped Each Other’s How do we keep others from making the same mistakes? Philanthropy” 1:50 p.m. - 2:10 p.m. 1. Warren Buffett isn’t Omaha’s first philanthropist, and he won’t Break be the last, either. 2. Smart giving: How an Omaha group gives 2:10 p.m. - 2:40 p.m. success a chance. 3. Why doesn’t Warren Buffett just write a Jessie Rasmussen check? President, Buffett Early Childhood Fund 10:50 a.m. - 11:10 a.m. Topic: “Persistence, Partnership and Power: Building an Early Break Childhood Movement in the United States” 11:10 a.m. - 11:40 a.m. 1. Learn how a single, steady philanthropic focus pays off through Sara Boyd investments in policy, practice and knowledge. President, Omaha Community Foundation 2. Better understand the benefits and challenges of co-investing in Topic: “The Family Dynamic: Making Good Across Generational public-private partnership. Divides” 3. Know more about national and Nebraska efforts to redefine 1. Defying the gravity of familial roles; 2. Leveraging values for “education” in the 21st Century to include the first five years of life common ground; 3. Achieving balance between the group and self and learning. 6 7 2:40 p.m. - 3:10 p.m. PhilanthropyPhilanthropy Kristin Williams Director of Community Initiatives, Sherwood Foundation Map of Summit Topic: “How Donor Intent and Shared Values Influence Agenda Philanthropic Investments of The Sherwood Foundation: The Case Mammel Hall for Risk Taking, Mid-Course Corrections, and Patient Capital – What Has Worked and What Hasn’t.” #5 1. Understand how donor intent and values influence philanthropic 1st Floor investments of The Sherwood Foundation. 2. Hear specific #1: Mammel Hall Entrance Social Value Investing. examples of strategies at The Sherwood Foundation that were #2: Restrooms Strategic Giving. successful. 3. Why failure in philanthropy is and should be an #3: Auditorium Meaningful Impact. option. #4: Staircase to 2nd Floor Auditorium 3:10 p.m. - 3:30 p.m. #5: EBS (Executive Broadcast Suite) Break 3:30 p.m. - 5:00 p.m. Susie Buffett Chair, Sherwood and Susan T Buffett Foundation and Peter Buffett Co-Chair, NoVo Foundation Topic: “A Conversation with Susie and Peter Buffett” #2 1. Lessons learned and mistakes made by giving. 2. Important early #1 influences. 3. How Susie and Peter measure their success. 5:00 p.m. - 5:05 p.m. Robert Miles Host Closing Remarks #2 #3 #4 #1 8 9 Dear Prospective Donor: Nineteenth century American philosopher Albert Pike wrote, “What we have done for ourselves alone dies with us; what we have done for others and the world remains, and is immortal.” Doing for others by teaching this one-of-a-kind course and donating to the student-directed fund has become one of the most rewarding experiences I have done of my career and charitable giving.
Recommended publications
  • The Six Most Recommended Books of Fortune 500 Ceos, Celebrity Entrepreneurs, and Leaders
    The Six Most Recommended Books Of Fortune 500 CEOs, Celebrity Entrepreneurs, and Leaders By Michael Simmons With Austin Epperson In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none. ­ billionaire Charlie Munger ​ ​ Featured Leaders ● Oprah Winfrey ● Martha Stewart ● Mark Cuban ● Steve Jobs ● Andrew Grove ● Jeff Bezos ● Guy Kawasaki ● Evan Williams ● Whitney Tilson ● Jamie Dimon ● Warren Buffett ● Kevin Rose ● Bill Clinton ● Ted Turner ● Bill Gates ● Charlie Munger ● Elon Musk ● Sheryl Sandberg ● Michael Dell ● Elizabeth Holmes ● Angela Ahrendts Full Resource Document We combined the book recommendations of fifty­six select individuals in an effort to find the most recommended books by extraordinary leaders. See the full resource document here. ​ ​ Get Involved Help us grow our list of quality book recommendations! Suggest book lists of extraordinary leaders with this form. ​ ​ The Innovator's Dilemma: The Revolutionary Book That Will Change the Way You Do Business “The book presents the classic argument that technology no longer develops incrementally and instead is subject to regular "disruptions" that favor small, nimble companies and organizations.” [source: Inc.] ​ ​ “Disruption Theory is the foundation of the most accurate, thoroughly vetted, quantitative prediction models of new business survival or failure in the world today.” [source: ​ TechCrunch] ​ What recommenders say: “This was a formative read for me: it taught me why it’s so hard to come up with a second hit and why startups often have the advantage when creating curve­jumping innovation.” ­ Guy Kawasaki ​ “This helped me make sense of why things worked and didn’t work in the technology industry.” ­ Mark Cuban by Clayton M.
    [Show full text]
  • Aspen Ideas Festival Confirmed Speakers
    Aspen Ideas Festival Confirmed Speakers Carol Adelman , President, Movers and Shakespeares; Senior Fellow and Director, Center for Global Prosperity, The Hudson Institute Kenneth Adelman , Vice President, Movers and Shakespeares; Executive Director, Arts & Ideas Series, The Aspen Institute Stephen J. Adler , Editor-in-Chief, BusinessWeek Pamela A. Aguilar , Producer, Documentary Filmmaker; After Brown , Shut Up and Sing Madeleine K. Albright , founder, The Albright Group, LLC; former US Secretary of State; Trustee, The Aspen Institute T. Alexander Aleinikoff , Professor of Law and Dean, Georgetown University Law Center Elizabeth Alexander , Poet; Professor and Chair, African American Studies Department, Yale University Yousef Al Otaiba , United Arab Emirates Ambassador to the United States Kurt Andersen , Writer, Broadcaster, Editor; Host and Co-Creator, Public Radio International’s “Studio 360” Paula S. Apsell , Senior Executive Producer, PBS’s “NOVA” Anders Åslund , Senior Fellow, Peter G. Peterson Institute for International Economics Byron Auguste , Senior Partner, Worldwide Managing Director, Social Sector Office, McKinsey & Company Dean Baker , Co-Director, Center for Economic and Policy Research; Columnist, The Guardian ; Blogger, “Beat the Press,” The American Prospect James A. Baker III , Senior Partner, Baker Botts, LLP; former US Secretary of State Bharat Balasubramanian , Vice President, Group Research and Advanced Engineering; Product Innovations & Process Technologies, Daimler AG Jack M. Balkin , Knight Professor of Constitutional
    [Show full text]
  • MAC 618 Social and Cultural Diversity Saint Martin's University - Master of Arts in Counseling Impacts Level
    SPRING 2019 Saint Martin’s UNIVERSITY MAC 618 Social and Cultural Diversity Saint Martin's University - Master of Arts in Counseling Impacts Level Leticia Nieto, PsyD. LMFT. TEP SAINT MARTIN’S UNIVERSITY MISSION AND CORE THEMES Saint Martin’s University is a Catholic Benedictine institution of higher education that empowers students to pursue a lifetime of learning and accomplishment in all arenas of human endeavor. Saint Martin’s students learn to make a positive difference in their lives and in the lives of others through the interaction of faith, reason, and service. The University honors both the sacredness of the individual and the significance of community in the ongoing journey of becoming. FAITH REASON SERVICE COMMUNITY Hope relies on the Deciphering the Through the study Building strong coalitions possibility of world through of social roles, with people who are very communication across various social most students find, different from themselves is significant difference. analysis tools or renew, a a typical outcome of this Faith is fostered when allows students to commitment to course. Many students students perceive the approach the justice and deep initiate (or resume) possibility of real social therapeutic task compassion. volunteer peace and justice change. with depth and endeavors by the end of courage. the semester. COLLEGE OF EDUCATION AND COUNSELING MISSION STATEMENT The mission of the College of Education and Counseling is to prepare a dynamic inclusive community of reflective professionals who use their knowledge, skills and dispositions to positively transform the lives of those they serve. MASTER OF ARTS IN COUNSELING (MAC) PROGRAM MISSION STATEMENT The Master of Arts in Counseling Program (MAC) prepares professionals in the theoretical foundations and skills necessary for advanced positions in the fields of individual, couple, and family counseling.
    [Show full text]
  • UNITED WAY WORLDWIDE 2018 ANNUAL REPORT United Way and Nest’S Power Project Every Year, a Quarter of U.S
    UNITED WAY WORLDWIDE 2018 ANNUAL REPORT TRANSFORMATION & IMPACT UNITED WAY FIGHTS FOR THE HEALTH, EDUCATION AND FINANCIAL STABILITY OF EVERY PERSON IN EVERY COMMUNITY. 40+ countries and territories communities 61 million 1,800 people served annually 2.9 million volunteers donors $4.8 billion raised 8.1 million OUR VISION UNITED WAY ENVISIONS A WORLD WHERE ALL INDIVIDUALS AND FAMILIES ACHIEVE THEIR HUMAN POTENTIAL THROUGH EDUCATION, INCOME STABILITY AND HEALTHY LIVES. OUR MISSION TO IMPROVE LIVES BY MOBILIZING THE CARING POWER OF COMMUNITIES AROUND THE WORLD. United Way Worldwide 2018–19 Revenue Results i UNITED WAY WORLDWIDE 2018 ANNUAL REPORT LEADERSHIP CORNER A LETTER FROM OUR LEADERS n 2018, United Way’s transformation – and the With our collaborators, we’re finding new ways to transformation of philanthropy – really gained help when crises occur. After Hurricane Michael hit momentum. the U.S. Gulf Coast, we worked with IBM to create I a new chat bot that supported 211’s efforts to help Philanthropy in the 21st Century will look different people evacuate and secure shelter, food and water. than it did in the 20th Century. People have more Not every innovation involves technology, though. information at their fingertips and digital technology Sometimes, it’s as simple as bringing people together brings them closer together. The future of giving, to write notes of encouragement to middle school volunteering and advocating will be about engaging students, like we did with Wells Fargo employees. individuals, particularly online. People want to easily find and participate in meaningful volunteer Throughout its history, United Way has helped opportunities, contribute to the causes that matter to passionate people make a difference in their them, see the impact of their contributions and share communities.
    [Show full text]
  • July 29, 2004
    NEWS RELEASE FOR IMMEDIATE RELEASE July 29, 2004 Omaha, NE (BRK.A; BRK.B) — Susan T. Buffett, wife of Warren E. Buffett and President of the Buffett Foundation, died early this morning in Cody, Wyoming after suffering a stroke at the ranch of investor Herbert Allen where she and Mr. Buffett were making an annual visit. She was 72. In commenting, Allen Greenberg, Executive Director of the Buffett Foundation, said, “She will be remembered by all who knew her as a quiet humanitarian whose voice spoke for disadvantaged women around the world. She was deeply touched by the hardships faced by the world’s poorest, especially women. She was far-sighted in establishing programs in countries whose needs were generally overlooked. She did this work quietly and never cared about receiving credit or acknowledgement.” For over 40 years Mrs. Buffett fulfilled her commitment to social justice through personal activities and as President of the Buffett Foundation. She began this work in Omaha in the 1960’s working with a variety of civil rights and educational organizations. This work expanded to include support for organizations working in the field of family planning and reproductive health, both in the U.S. as well as internationally. In recent years she traveled to many countries, including Viet Nam, Turkey, India, Ghana, South Africa, and Mexico, to see first hand the struggles women face. “She was as comfortable in a small village in India as she was in a friend’s home in the U.S.,” Mr. Greenberg continued. “Susie loved talking with a broad range of people about their lives.
    [Show full text]
  • 2020 Berkshire Hathaway Book List These Books Were Approved by Mr
    2020 Berkshire Hathaway Book List These books were approved by Mr. Buffett for sale at the 2020 Berkshire Hathaway Annual Meeting. To order go to bookwormomaha.com or call The Bookworm at 402.392.2877 >NEW BOOKS FOR 2020< Margin of Trust: The Berkshire Business Model by Larry Cunningham and Stephanie Cuba ($24.95, Columbia Business School, 2020). Cunningham and Cuba develop a new account of how Berkshire Hathaway works, showing that the key to its success is trust. Profiling partnership practices and business methods, they contend that Berkshire's distinguishing feature is a culture in which autonomy and decentralization are core management principles. They provide instructive examples of how this model has been successfully adapted by other companies that share a faith in trust as an organizing principle. They also offer candid commentary on the risks of a trust-based approach and how to mitigate them. Margin of Trust features illuminating analysis of Buffett's take on the role trust plays in business agreements, what Buffett looks for in great corporate boards, and what lies ahead for Berkshire after its iconic leader leaves the scene. My New Berkshire ABC by Nancy Rips, illustrated by Matt Haney ($19.95. 2020). Kids will learn the alphabet the Warren Buffett way: A is for Apple, B is for Benjamin Moore, C is for Coca Cola, D is for Duracell. It’s everyone’s favorite family Berkshire book, brand new and updated for 2020! 1 <New Edition> Of Permanent Value: The Story of Warren Buffett‐ 2020 Elephant Edition by Andrew Kilpatrick ($75, 2020).
    [Show full text]
  • From the Ground Up, Dasra
    From the ground up Grantmaking to those grounded in the South As traditional funders to international development shift their strategies to support more local civil society organisations, aspiring funders who seek to fund development are also asking how best they can leverage their resources for civil society in the Global South. A ground-up approach to philanthropy This briefing offers advice to those funders who aim to channel philanthropic capital to the South but are not sure how to begin, where to invest and how to ensure their investment is effective. It draws on the experience of existing, impactful funders and advocates for a ground-up approach to philanthropy, one that focuses on identifying the most strategic use for their philanthropic capital. Towards this end, it advises foreign funders to: • Understand the local setting: Context is everything • Partner with local funders: You don’t have to do it alone • Invest in local organisations: Strengthen local organisations for sustainable impact The brief offers a few actionable steps that international funders may find useful when planning their philanthropic investment, with the hope that more funders will consider their potential to support development in the South. In the final part of this brief, these are summarised in some ‘On-the-Ground Rules’. The future of funding: Grantmaking to those grounded in the South 2 ..............................................................................................................................................................................................................................................................
    [Show full text]
  • Reclaiming Democracy
    RECLAIMING DEMOCRACY GLOBAL PHILANTHROPY FORUM CONFERENCE SAN FRANCISCO BAY | APRIL 1–3 RECLAIMING DEMOCRACY GLOBAL PHILANTHROPY FORUM CONFERENCE APRIL 1–3, 2 19 SAN FRANCISCO BAY 2019 Global Philanthropy Forum Conference This book includes transcripts from the plenary sessions and keynote conversations of the 2019 Global Philanthropy Forum Conference. The statements made and views expressed are solely those of the authors and do not necessarily reflect the views of GPF, its participants, World Affairs or any of its funders. Minor adjustments have been to remarks for clarity. In general, we have sought to preserve the tone of these panels to give the reader a sense of the Conference. The Conference would not have been possible without the support of our partners and members listed below, as well as the dedication of the wonderful team at World Affairs. Special thanks go to the GPF team— Meghan Kennedy, Angelina Donhoff, Suzy Antounian, Claire McMahon, Carla Thorson, Julia Levin, Taytum Sanderbeck, Jarrod Sport, Laura Beatty, Sylvia Hacaj, Isaac Mora, and Lucia Johnson Seller—for their work and dedication to the GPF, its community and its mission. STRATEGIC PARTNERS Charles Stewart Mott Foundation Anonymous Newman’s Own Foundation The Rockefeller Foundation The David & Lucile Packard Margaret A. Cargill Foundation Foundation Horace W. Goldsmith Foundation Sall Family Foundation World Bank Group SUPPORTING MEMBERS African Development Fund MEMBERS The Leona M. and Harry B. Helmsley William Draper III Charitable Trust Draper Richards Kaplan Foundation Conrad N. Hilton Foundation Felipe Medina Humanity United Inter-American Development Bank International Finance Corporation MacArthur Foundation The MasterCard Foundation The Global Philanthropy Forum is a project of World Affairs.
    [Show full text]
  • DECOLONIZING WEALTH Toolkit
    Edgar Villanueva DECOLONIZING WEALTH Toolkit Indigenous wisdom to heal divides and restore balance Decolonizing Wealth Toolkit 2 3 Introduction 4 7 Steps Infographic 5 Book Club Questions 6 Personal Reflections - Journaling Exercise 7 Excerpt: Chapter One https://www.bkconnection.com/books/title/Decolonizing-Wealth 14 Decolonizing Wealth Glossary (see book) Decolonizing Wealth Toolkit 3 INTRODUCTION My people are Lumbee Indians, a tribe from North Carolina – and as Native people, we have been exposed to colonization for a long time. As one of the few Native Americans in the small, elite bubble of philanthropy, my unique perspective has made me understand how the wounds of colonialism affects all of our relationship to money––but it has also given me the tools to begin to decolonize this relationship in order to imagine a world where we all have enough to thrive.. Now, I offer these tools for those who (a) control the flow of money––whether it’s your own, that of your business, or your charitable contributions––and (b) those who want to create a shift in conversation around wealth and philanthropy. Or maybe you’re on a personal healing journey – this work is for all of us. This toolkit accompanies my book, Decolonizing Wealth: Indigenous Wisdom To Heal Divides And Restore Balance. As you read through both, I invite you to dig deep, and think about how you can be part of healing the wounds of colonialism and white supremacy that are at the heart of our country’s relationship to money. Decolonizing Wealth introduces Seven Steps to Healing, which include (1) grieve, (2) apologize, (3) listen, (4) relate, (5) represent, (6) invest, and (7) repair.
    [Show full text]
  • The Buffetts Find “The Sound” What Would You Do with One Billion Dollars? Jennifer and Peter Buffett Were Faced with This Extraordinary Challenge and Opportunity
    The Buffetts Find “The Sound” What would you do with one billion dollars? Jennifer and Peter Buffett were faced with this extraordinary challenge and opportunity www.GiveSmart.org Peter Buffett was just 19 years old when he received his inheritance: $90,000 to use as he pleased. There were no strings attached, no expectations—but also no more money. The youngest son of investor Warren Buffett understood that this was the extent of his inheritance. The question was, what to do with the funds? A car? An oceanfront condo? “I’d had the advantage of seeing my older siblings burn through most of their cash rather quickly,” Peter said, looking back thirty years later. “I didn’t want to follow that path.” It happened that the money arrived at a time when Peter was ready to commit to a career in music. But he still had much to learn, both technically and aesthetically—not only about making music, but also about making music personal—making it his own. Peter remembers talking about this with his father, who counted among his favorite movies The Glenn Miller Story. “One of his favorite aspects of it was the great bandleader’s obsession with finding ‘the sound,’” Peter wrote in his 2010 book, Life is What You Make of It. “This was the mysterious something that would make a Glenn Miller song or a Glenn Miller arrangement distinctive and immediately recognizable.” Arriving at “the sound” was a big job; ultimately, Peter used his money to buy himself time to find it. “I played the piano, wrote tunes, experimented with electronic sounds and overdubbing,” he recalled.
    [Show full text]
  • 2008 Annual Report
    2008 ANNUAL REPORT Table of Contents Letter from the President & CEO ......................................................................................................................5 About The Paley Center for Media ................................................................................................................... 7 Board Lists Board of Trustees ........................................................................................................................................8 Los Angeles Board of Governors ................................................................................................................ 10 Media Council Board of Governors ..............................................................................................................12 Public Programming Spring Subscription Series ..........................................................................................................................14 Fall Subscription Series ..............................................................................................................................16 Fall TV Preview Parties ...............................................................................................................................19 Robert M. Batscha University Seminar Series ............................................................................................20 William S. Paley Television Festival ............................................................................................................20
    [Show full text]
  • The 25 Best Givers
    SATURDAY, DECEMBER 4, 2010 BARRON’S COVER The 25 Best Givers By SUZANNE MCGEE FORMIDABLE AS IT MAY BE, the Bill & Melinda Gates Foundation has taken time changing the world. Last year, in fact, it ranked only No. 7 on Barron’s list of high-impact givers, even though its $34 billion in assets towered above those of all other foundations. While the Gates foundation had some mighty big irons in the fire, including efforts to develop an AIDS vaccine, the payoffs were years away. The six philanthropists ahead of the Gateses were getting large and immediate bangs for their bucks. To us, that’s impact. Bill and Melinda Gates are now having impact. By teaming up with their pal Warren Buffett and challenging the rest of the superrich to give like there’s no tomorrow, the Gateses are sure to change the face of philanthropy. Already, 40 billionaires have taken the Gates-Buffett pledge, committing to give away at least 50% of their net worths during their lifetimes or at death. As more and more billionaires join the trend, hundreds of millions of dollars that would have been handed down to descendants for years to come will instead go, quite quickly, to life-saving and life-changing causes around the world. That’s why the Gateses are No. 1 on our 2010 list, which, like last year’s, we developed with Global Philanthropy Group, a top consulting firm. This rocketing from No. 7 isn’t the only news. Ten new members have joined the roster of 25, including a bicycle magnate who is giving away tens of thousands of bikes across Africa and a movie star who has launched a social network that amounts to the Facebook of philanthropy.
    [Show full text]