What value can be placed on a weekend in the presence of a sage?
That question will be answered Saturday at The J. Timothy Hogan Foundation masquerade ball with the auctioning off of two passes to Warren Buffett’s Berkshire Hathaway annual meeting weekend.
With a net worth of about $62 billion, the Oracle of Omaha teeters atop Forbes’ list of wealthiest people and has pledged most of his Berkshire Hathaway shares to the Bill & Melinda Gates Foundation.
But you don’t have to hold any of the $80,000 A-shares to get up-close and personal with the world’s most successful investor.
The highest bidder at the ball, held at The Naples Beach Hotel & Golf Club for $200 a head, will take home passes to the company’s annual meeting including question and answer session, Warren’s western cookout and the Berkshire shareholder night at Gorat’s Steak House in Omaha, Neb., May 2-4.
Berkshire’s portfolio, which includes GEICO Auto Insurance and Fruit of the Loom, has taken a hit in this recession and reports suggest his letter to shareholders to be released today may shed light on lessons learned and Buffett’s thoughts on the current crisis.
The company declined to comment on why it agreed to offer prizes for the raffle.
The J. Timothy Hogan Foundation was founded by Patricia Scoones in honor of her son and newspaper publisher who took his life after struggling with depression.
His final words blasted the health care system for turning its back on the mentally ill.
The foundation provides assistance for children suffering from mental illness in working class families who cannot qualify for low income programs.
Florida is third in the nation for teen suicides, said Jeanne Jackson, vice president.
The ball, in its fifth year, has raised as much as $70,000, but Jackson said she recognizes money may be more difficult to come by these days.
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