After being suspended for two years by the epidemic, bidding for Buffett lunch in 2022 began at 19:30 local time (07:30 Beijing time on the 13th) at eBay and ended on June 17, with a starting price of $25000.

With Buffett's lunch coming to an end, there are not many opportunities to have dinner and communicate with the 91-year-old stock god. The restriction of "the last scene" will undoubtedly intensify the competition, and a good show is coming.

So, who will win the last lunch voucher? Is it possible for domestic investors to win the championship?

The sky-high charity event returns after two years, but this is the last time.

Buffett's charity lunch auction returned to the auction platform after a two-year hiatus due to the epidemic.

On April 25th, the Glide Foundation, a charity that helps the homeless, saidWarren Buffett plans to hold his 21st and final charity lunch auction.The auction will begin on eBay on June 12 and end on June 17. Bids start at $25000, and bidders have to be pre-qualified.

The winning bidder can bring up to seven guests to lunch with Buffett at Smith & Wollensky Steakhouse in Manhattan, New York, and discuss investment topics.

What is "Buffett lunch"?

Buffett lunch began in 2000, after Buffett's wife Susan introduced Glide director Cecil Williams, Buffett began auctioning the opportunity to have lunch with him and donated the auction money to provide free food, health care and other services for the homeless and low-income people in San Francisco.

Buffett has held charity luncheons every year for the past two decades, but was suspended in 2021 and 2022 because of the COVID-19 epidemic.It is reported that the event has raised more than 34 million US dollars.

From the amount of money raised, it can be seen that most people really cannot afford this meal. Since 2008, the winning bidder has bid more than $1 million, and the most recent transaction price has reached a record $4.57 million, which is a "sky-high lunch".

But since Buffett is 91 years old, the opportunity to have lunch with him is becoming more and more precious, so it must be unrealistic for bidders not to give some blood.

However, such an expensive lunch is actually "quite mediocre".

A lunch worth tens of millions of yuan, actuallyPer capita consumption is about 500 yuan.

Although it costs tens of millions of yuan to have lunch with Buffett, the average consumption level is about Rmb494, according to the restaurant's Dianping merchant page.

The interior of the Smith & Wollensky restaurant is typical of North American nostalgia, with a number of Buffett-related photo frames hanging on the walls.

The meal is mainly steak, and the special meals include Tomahawk steak, sirloin steak, lamb chops, fried squid rings and so on.

It is reported that Buffett's charity lunch auction price also includes the cost of meals, so you can order whichever you want.

And Buffett does not set any restrictions on the topic of dining, as long as he dares to ask, he will accompany to the end.But on one condition,Don't reveal your next investment choice.

Buffett later laid down the rule of "no talking about individual shares" because successful bidders used the opportunity of lunch to ask Buffett about individual stocks, which caused significant changes in stock prices.

Spent a lot of money photographing Buffett's lunch.ChineseHey, what happened next?

For those who have had lunch with Buffett and talked about investing, their experiences over the years are also very different. Some get up, some fall, some always hide behind the scenes, and some have left the scene.

Among the previous winners of Buffett's charity lunch, four Chinese appeared, namely, Duan Yongping, Zhao Danyang, Zhu Ye, and Sun Yuchen.

• Duan Yongping, chairman of Bubugao Group

In 2006, Duan Yongping paid $620100 to have lunch with Buffett, becoming the first Chinese to get Buffett's lunch. When he went to the appointment, he also brought Huang Zheng, who was not well known at that time.

Later, in 2009 and 2010, Duan Yongping participated in the founding of VIVO and OPPO mobile phone companies, which still play an important role in the domestic mobile phone market. Today, although he has retreated from his company, he is still active in the investment track.

Huang Zheng, who went to the dinner together, said in an interview that the lunch made him realize the importance of simplicity and common sense. Later, Huang Zheng founded Pinduoduo.

• Private equity boss Zhao Danyang

Zhao Danyang, known as the "godfather of private equity", founded Red son's Heart Asset Management Co., Ltd in 2003 and Shenguotong's Red son's Heart (China) Collective Fund Trust in 2004, which is the first private equity product based on trust.

In 2008, Zhao Danyang spent $2.11 million on Buffett's luncheon, the first time Buffett's charity lunch exceeded $1 million.

It is reported that when having dinner with Buffett, Zhao Danyang "routine" Buffett, recommended to him "Wumart Business" stock, Buffett said he would pay attention. Zhao Danyang already owned Wumart shares before the luncheon.

After having dinner with Buffett, his 65.95 million shares in Wumart earned 156 million Hong Kong dollars in less than a week. Since then, individual stocks have become taboos for Buffett's lunch.

In 2021, Zhao Danyang's two "pure hearts" overseas funds both achieved returns of more than 50%.

• Zhu Ye, chairman of God Entertainment

In 2015, Zhu Ye spent $2.35 million to win the chance to have lunch with the stock god. The share price of God Entertainment also soared 90% because of the legendary "affirmation" of Buffett.

But then Zhu Ye's life did not continue to be sweet. Since May 2017, the share price of Tian Shen Entertainment has plummeted. In 2018, God Entertainment Finance "Thunder". Zhu Ye was also put on file for investigation by the CSRC on suspicion of violating securities laws and regulations. Subsequently, Zhu Ye resigned as chairman.

It is reported that at lunchtime with Buffett, Zhu Ye asked Buffett about how to speculate in stocks, and Buffett replied that he did not know.

• Sun Yuchen, founder of wave field

Sun Yuchen, who often talked about 1 million "ancestral checks" and acted in a very high-profile style, may be no stranger.

In 2019, Sun Yuchen, founder of the wave field, bid for Buffett's charity luncheon at an all-time high of nearly $4.57 million, $100 higher than the second place.

Sun Yuchen said he wanted to film Buffett's lunch as early as 2018 in order to tell Buffett why bitcoin is good. But Sun Yuchen stood up Buffett on the grounds of "sudden kidney stones" in July 2019. On February 6, 2020, Sun Yuchen said on Twitter that he finally had a successful dinner date with Buffett.

In recent years, Sun Yuchen has been investigated by the US Securities Regulatory Commission and the Federal Bureau of investigation, accusing him of insider trading and telecom fraud.

It can be seen that it is not "enlightened" or career soaring after lunch with Buffett, the key is to see the individual's ability to understand.

This time, a bidder is going to send him kimchi?

Unlike in the past, this year, the currency circle is also preparing to participate in the bidding, and a special autonomous organization, LunchDAO, has been set up to participate in the auction as the only representative of the encryption industry. LunchDAO's goal is to raise 2000 ETH, and all donors can cast the NFT of the project free of charge.

According to the LunchDAO plan, Buffett's lunch is just a springboard for them. In the future, Buffett will borrow "lunch currency" to increase the opportunities for individual investors to have lunch with senior investors, and become the largest decentralized organization in the world that communicates with traditional financial forces, achieving a win-win situation between the new generation and traditional finance.

It is reported that LunchDAO, which has a South Korean background, has been confirmed by Buffett Charitable Foundation that South Korean currency assets can be used to participate in bidding and will not be converted into US dollar transactions until the transaction is completed.

LunchDAO also seems determined to win the auction, saying publicly that it will bring him some authentic Kimchi and possibly Beijing Roast Duck.