Some may say that Bambi's mother dying is the saddest thing they've ever seen.
Others think that Travis shooting Old Yeller in the book and film of the same name is much sadder.
While the girls of the Sayce family think the movie Hachi: A Dog's Story, starring Richard Gere is the most sadderest thing ever in the history of sadness.
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But that's not the sort of thing that makes me sad.
The kind of news that saddens me is stories such as this from 2006:
“Buffett donates $37 billion to charity”
Not that he seems to have actually donated it yet. According to the 2006 report, “Mr Buffett will hand 10 million shares in his Berkshire Hathaway firm to the Bill and Melinda Gates Foundation.”
Or maybe he has, we don't know. But according to the Forbes list of billionaires, Mr Buffett still ranks in third place with a fortune of USD$47 billion, behind Carlos Slim and Bill Gates, both with USD$53 billion.
More recently this headline caused us to sigh in despair:
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“40 billionaires sign up to Bill Gates and Warren Buffett's charity drive”
Apparently “Forty of the world's wealthiest entrepreneurs - including Oracle founder Larry Ellison and Star Wars creator George Lucas - have signed the ‘Giving Pledge’ charity initiative launched by Warren Buffett and Bill Gates, whereby billionaires agree to donate huge chunks of their fortunes to charity.”
The article goes on:
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About the Author
Kris Sayce is editor of Money Morning. He began his financial career in the City of London as a broker specializing in small cap stocks listed on London’s Alternative Investment Market (AIM). At one of Australia’s leading wealth management firms, Kris was a fully accredited adviser in Shares, Options and Warrants, and Foreign Exchange. Kris was instrumental in helping to establish the Australian version of the Daily Reckoning e-newsletter in 2005. In late 2006, he joined the Melbourne team of the leading CFD provider in Australia.
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