Always a Bull Market Somewhere
June 28th, 2008 by Buck Woodford
And this one dwarfs what’s going on in the Oil patch.
A Chinese hedge fund manager just paid $2.1 million for lunch with Warren Buffett. As the figures show (source: Bloomberg), the value of this “asset” has absolutely exploded.. more than a 100-bagger since the 2001 low !
2000 Anonymous $25,000
2001 Anonymous $18,000
2002 Edward Jones Co. and 2 Anonymous $25,000
2003 David Einhorn, Greenlight Capital $250,100
2004 Jason Choo, Singapore $202,100
2005 Anonymous $351,100
2006 Yongping Duan, California $620,100
2007 Mohnish Pabrai, Guy Spier, Harina Kapoor $650,100
$18k to dine with one’s favorite celeb is a bargain basement price ? Wow.
