Green Acres, we are there!

If behind every great man is a great woman, apparently behind Guffett Sr. is another man. If "Charlie Munger hadn’t been around, Buffett arguably would not have gained an appreciation of buying great businesses rather than cigar butts."

Speaking of great women, I learned today that Ms. Guffett is from Dallas. She and her husband recently visited Vietnam on a two-fer, promoting better children's health and the Windows operating system. No word on if they are also selling Microsoft's new Swiss army knife.

Educational advocate and Harvard drop out Guffett Jr. will finally be presented his diploma from his Alma Mata on June 7. None too soon, as he is scheduled to give this year's University commencement speech. Looking for the perfect graduation gift? Consider picking out something in the catalog of billionaires.

Guffett the Elder has been seen recently hanging around the basketball court with NBA star LeBron James, who wants to be the first sports star billionaire. Says Guffett Sr., "He tells me what socks to buy and I tell him what stocks to pick." Elsewhere it is reported Vanity Fair Guest Editor and U2 Frontman Bono has taken a fancy to the younger Guffett.

Am so sorry to report, the Guffett Jr. for President bandwagon has called it quits. Doubt anybody is going to nominate Carlos Slim, the third richest man in the world. Last month he scoffed at Guffett for playing Santa Claus to cure poverty's ills. According to Slim, "wealth must be seen a responsibility, not as a privilege. The responsibility is to create more wealth."

Speaking of Slim, he and Guffett now control more money than the poorest 48 nations combined. According to Peter Schwartz, Chairman of the Ayn Rand Institute, in a free, capitalist system, this income inequality represents something very good. What do you think?