Your Web Site
Hong Kong investment fund manager Zhao Danyang (赵丹阳) made the winning bid of $2.11 million in a charity auction on Friday for the privilege of having lunch with Warren Buffett. Zhao, the general manager of Pureheart Asset Management, won the right to dine with Buffett, now chairman of conglomerate holding company Berkshire Hathaway, on a day of his choosing at the famous Manhattan steakhouse Smith & Wollensky. Just who is this Zhao Danyang? An interview with Zhao conducted by Euromoney in 2006 describes him as "a refreshingly frank and down-to-earth figure in an industry still dominated by overseas-educated princelings and the politically connected elite." Tariq Ali of Street Capitalist reports that Zhao is a former factory owner who began his investing career in 1996. Ali points out that the philosophy of Zhao's first fund,... [read full story]
