I always admire Warren Buffett for his ability to calculate the Intrinsic Value of a company, his humility despite being the richest investor in the world, and his philantrophic heart.

About 3 years ago, Warren Buffett made an announcement which surprised the world. He's gradually donating 85% of his fortune to the Bill and Melinda Gates Foundation.

As I have said in my previous post, "Giving away something of your own to make someone else happy is the answer to life's happiness." What is the use of having the riches of this world if it does not benefit others, long after one has passed away from this life into the afterlife? One would find meaning and purpose in this life if one uses one's talent for the benefit of others.

Here is Charlie Rose's exclusive hour-long conversation about a new partnership in philanthropy between Warren Buffett and Bill and Melinda Gates.

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