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Warren Buffett donates $4 billion to charity | Reuters Video (reut.rs)

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This is not the first multi-billion charity event.

A decade ago, Dan Pallotta tried to explain how “The way we think about charity is dead wrong.”

He was saying that we had to think about scale and impact rather than just ratios.

When there is a vast level of resources, we have to think how to effectively spend vast amounts of money. Finally, I am starting to see the beginnings of those discussions.

Warren Buffett on Tuesday (June 14) donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities, part of the billionaire’s pledge to give away nearly all of his net worth.

Posted by Russell Brand

Entrepreneur in residence at Founder Institute, he has mentored, performed due diligence on and invested in numerous early stage companies. Hundreds of these early stage companies have described Russell’s insights and advice as the most useful thing in the history of their companies. He has always had an inborn ability to find more valuable uses of new ideas and faster ways to achieve results.

 

Dan Pallotta: The way we think about charity is dead wrong
 

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