Speaking at Georgetown University’s Business School alongside his best-bailed-out buddy BofA’s CEO Brian Moynihan, Warren Buffett has some rules (or goals) for the “wealthy” that are summed up perfectly in this quote:
- *BUFFETT: RICH MUST LEARN TO LIVE ON $500 MILLION, DONATE REST
- *BUFFETT SAYS WE HAVEN’T LEARNED WELL ENOUGH HOW TO SHARE WEALTH
- *BUFFETT SAYS PEOPLE WILL CONTINUE TO MAKE MISTAKE OF GREED
- *BUFFETT: SOCIETY MUST ENSURE PEOPLE DON’T FALL TOO FAR BEHIND
Daniel Tenengauzer, co-head of global emerging markets fixed income strategy and economics at BofA Merrill Lynch Global Research, is not convinced by the buzz surrounding India. ‘Compared to the rest of Asia, India is not the best story.’