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

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“But when, over dessert, Warren Buffet (pictured) whispers the secret to Berkshire Hathaway’s 19 per cent annualised return since inception, the expected pot becomes $3.8 million,” a rather creative Deutsche Bank report argues

Suzanne Woolley | Bloomberg

Last Updated : Jun 17 2017 | 11:01 PM IST

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 watch the annual bidding as entertainment.

It's quite simple when