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Prof. Buffett's Lesson on Charity

The money raised from this lunch was donated to the Glide Foundation, which provides aid to San Francisco's homeless and poor.

Buffett has also offered his helping hand in other ways. At the close of 2009 it was announced that the financier would co-chair a committee led by Goldman Sachs (GS - Get Report), aimed at assisting U.S. small business owners build their companies.

The 10,000 Small Businesses program is designed to provide small businesses in the United States with access to funds, education and networking opportunities in hopes of increasing productivity and getting them back on their feet. Goldman CEO Lloyd Blankfein, Buffett and Dr. Michael Porter of Harvard Business School are on the Advisory council which is responsible for the development, execution and evaluation of the program.

Despite the long time he has resided in the upper tier of society, Buffett has not forgotten about the less fortunate.

Prior to the meal he shared with Salida executives, Buffett told Bloomberg that the need for charitable giving is unlimited. Whether on Wall Street or Main Street, this is one Buffett lesson we can all take to heart.

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion did have holdings in any stocks mentioned.

Don Dion is president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.

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