Warren Buffett Shares His Philanthropic Philosophy
By Ian Wilhelm
In philanthropy as in business, supporting the right people is more important than all other factors, according to the billionaire financier Warren E. Buffett.
During a panel discussion on antipoverty work last week in New Orleans, one of the world’s most generous philanthropist was asked how he picks the charitable efforts he gives to.
“When I buy businesses, it’s the same as investing in philanthropy. I’m looking for somebody who will get the job done and is in synch with my goals,” he told the gathering of about 100 nonprofit leaders. “You can have the greatest goals in the world, but if you have the wrong people running it, it isn’t going to work. On the other hand, if you’ve got the right person running it, almost anything is possible.”