No one can spend that much...can they?

From yesterday's NYT: For voyeurs of billionaires, a brief period from mid-February to mid-March serves up two of the juiciest glimpses they will get all year. In February, the Slate 60 list of the year's biggest philanthropic gifts comes out, followed in March by the Forbes magazine list of the world's richest people. This time, one name -- Warren E. Buffett -- will appear conspicuously on both. His fortune will probably rank second in the world behind only Bill Gates's, as it has for some years. In philanthropy, however, Mr. Buffett is No. 1 by a wide margin. Last year, he shook the world of billionaires by pledging more than $42 billion for charity -- by far the largest philanthropic donation in history and close to the total of all the Slate 60 donations for the last six years combined. You could almost see the editors at Forbes airbrushing the perplexed and stricken looks off the faces of their other billionaires. He's giving away $42 billion? Is he crazy? Certainly that is not what most of them had in mind for their fortunes.

But the move by Mr. Buffett raises the question of exactly what the other billionaires do have in mind for their money...Read the whole article HERE