The Giving Pledge
Do Warren Buffett and Charlie Munger disagree on the prospect of The Giving Pledge?
Pledge founders and signers and their supporters marvel that anyone would find fault with it. “I hardly know what to say,” Mr. Buffett said by telephone. “Philanthropy is a tradition in America.” Americans give away about $300 billion a year, he said, or the equivalent of 2 percent of gross domestic product. “It doesn’t seem to have done any harm in the country so far.
vs.
Charles Munger, Mr. Buffett’s longtime business associate, has expressed discomfort with the pledge and its implications. “You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat,” he told an audience at the University of Michigan.
via nytimes.com
