Buffett is the Man

Warren Buffett announced today that the bulk of his Berkshire Hathaway stock will be given to the Bill Gates Foundation. An annual contribution of $1.5 billion from Mr. Buffett's stock will be put to use seeking cures for some of the world's worst diseases and to improve education in the U.S. I've met Mr. Buffett (see Bus Ride), and the media can never do justice to both his intelligence and compassion. And investors seemed to overlook the upcoming Fed meeting today, as good news about the housing market and high merger activity bumped the Dow up more than half a point. DJIA: +56.19 Nasdaq: +12.20 S&P 500: +6.06