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Is a $2.7-million lunch with Warren Buffett a bargain?

A Deutsche Bank report (PDF) argues that the meal could be a great long-term investment

Suzanne Woolley | Bloomberg 

Every year, some very rich person pays multiple millions at auction to buy a private lunch with Berkshire Hathaway Inc's Warren Buffett. This year, the anonymous winning bidder paid $2.68 million. Crazy, right? Those who missed out on the chance to dine with the Oracle of Omaha likely comforted themselves with the thought that such a lunch is just a wretched excess—it couldn't actually be worth $2.7 million. Or could it? A rather creative Deutsche Bank report (PDF) argues that the meal could be a great long-term investment—even for the hoi polloi who ...

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First Published: Sat, June 17 2017. 22:59 IST
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