Singapore's Andy Chua Wins Right to Dine with Warren Buffett

A certain Mr Andy Chua from Singapore has won the bid to dine with Mr Warren Buffett.  Mr Chua together with seven other guests will get to dine with the world's 3rd richest man in Manhattan for lunch at Smith & Wollensky.  At the restaurant, a typical mains costs only around US$70.  His single bid of S$2.71 million is not the highest bid in history.  The auction proceeds will benefit a San Francisco charity (Glide Foundation) that provides meals, etc to the poor and homeless.

Little is known about Andy Chua who has said that he was not interested in interviews right now.  

So who is this mystery man Andy Chua?

I did a quick google and came across a few people named Andy Chua.  

Out of all the people, it seems that there is this Director, Head Asia Pacific Financial Advisory Centre at Merrill Lynch that seems like a possible fit (though I can't confirm for sure).   

There is also a Mr Andy Chua who was at a Montblanc event: 

http://www.iconsingapore.com/jan11/social/index.php?choose=social

Not sure whether these two are the same person or different people altogether.  Also not certain whether any of them was the one who won the bid to dine with Mr Buffett.

In any case, congratulations to Mr Andy Chua (whoever he is).  Hopefully, he will share details about the lunch with the media soon.

Update 10 Jun 2014:

It has been revealed by CNA that the winner is the owner of YunNam and not the said Andy Chua mentioned above.

Warren Buffett and others on Gold

I know that there are many people who are positive on gold and silver right now.  So it is good to take a look at the other side of the story so that we do not get too much group-think.

In this video, Warren Buffett says he would rather own a productive asset than gold.

Some time back, Wells Fargo also gave its outlook on the gold "bubble" and warned investors on being over invested in it.

Howard Buffett - Son of Warren Buffett

An interesting video on Howard Buffett who is the son of Warren Buffett. Warren Buffett has named him as his likely successor in Berkshire Hathaway.

Warren Buffet MBA Talk

Warren Buffet gives a talk.  Worth watching.  Leave a comment and tell me what you have learnt.

Warren Buffet Advice - Best Hedge Against Inflation

Wells Fargo & Company

The stock market has been really volatile the past couple of weeks. Have been trying to follow the news about the potential QE3 which most people are expecting though Bernake wasn't really clear in his speech that there was going to be a QE3. But with the unemployment rate still hovering around 9%, it is pretty certain that there are possibly rough times ahead for the market. But then again, the market is really forward looking so I could be wrong about that too.

Nevertheless, it seems that the market is really going down south right now and most people are taking a really bearish attitude. Warren Buffet has however added Wells Fargo and Company (WFC) to his portfolio over the past 1-2 months. Thought that it was a pretty interesting that Warren Buffet still seems to have quite a lot of confidence in the US economy considering that he has also pumped in billions of dollars into Bank of America (BAC). But of course, his investment in BAC is not available to the normal retail investors and he will most probably be paid off quite nicely at the end of the day.

If WFC continues to drop, I might just be tempted to take a little stake in it since one of the investment gurus of our time is quite heavily invested in it. WFC was last trading tat $24.20 and I might consider entering if the price drops some more.

Mood: Defensive; Bearish