[Nords]

Quote:

Originally Posted by Cute n Fuzzy Bunnay I've been around Bill Gates a good number of times.* Idealist philanthropist isnt really the term I'd use to describe him.

You've probably changed since your last meeting with him. It's possible that he's changed too.

I'm not sure that any of those changes would include the word "matured", since I'm not too familiar with that word myself, but it's possible that he's moved on to a new challenge. He's probably decided that he can give away money so fast that even Buffett can't choke the pipeline!

The timing is interesting:
- Gates joins Buffett's board and presumably voices an opinion or two.
- Buffett notes that BRK investors are still concerned about succession and starts discussing it in a more public & reassuring manner. Presumably he discusses some of these thoughts with Gates.
- Gates announces his Microsoft retirement.
- Buffett pledges Gates' foundation 10M shares valued at about $3000 each-- $30B or about 70% of his net worth-- and says Gates has to ramp up his foundation's spending accordingly.

Of course the shares are down 2% this morning on double the sell volume, but they're still within the trading range they've stalled out at over the last few months.