Archive for June, 2006
The value investing guru of our time, Warren Buffett, has announced that he would plan to donate 83 percent of his Berkshire Hathaway shares to several charity organisations, including the Bill and Melinda Gates Foundation. At the company’s current market price, this translates to about $37.4 billion US dollars.
This news may be related to the recent announcement by Bill Gates to fully move on to philantrophy by 2008, mentioned previously here.
Buffett’s unmatched generous gesture is prompted by his wife Susan’s death in 2004. He has also allocated 350,000 shares for each of his children, advising them to “focus the new funds and your energy on a relatively few activities” in which they could make a difference.
From today onwards, I think many of us, including myself, have a new respect for Buffett. This man has more than what anyone on Earth needs and now he is giving it back to society.
How much is enough for you? When will you be satisfied? How will you feel if you don’t get it in the end?
A few years back I went to a website promoting the Fanta fizzy drink in India using a simple but cheeky Flash application. It involves picking a short Bollywood clip, coming up with wacky captions for the actors when they speak, and sharing the finished work with friends. The site is gone, but it looked like this.
Just like the sweet Madam Wing, there’s a magical funniness to traditionally non-English cultures communicating or behaving like English-cultured people (replace “English” with any ethnic group or language). I love Hokkien songs sung in English and Chinese movies spoken in English. Never fails to give me a giggle, and sometimes making others worry about my mental stability.
But wait-a-minute (Indian accent), I have something for you. There is another website that has something similar! Give it a go and crack yourself up on a hot and wet Friday (at least in KL)!
I didn’t have much time to work on a good clip, but here is what I came up with in ten minutes:
David Jackson from SeekingAlpha Network said that he received an invitation from Google (GOOG) to try a new ad revenue model, known as Cost-Per-Action (CPA). This is in addition to the existing Cost-Per-1000-Impressions and Cost-Per-Click models.
The site owner gets paid an advertising commission if the visitor clicks on the ad and performs a certain action. This action can be buying a product or referring more visitors to the advertiser’s site. This model is similar to affiliate marketing, commonly practiced by many stores. One example is Sideshow Toys.