The biggest news this week. One of the most respected investors in the world, Warren Buffet gave the bulk of his wealth ($31bn) to Bill and Melinda Gates Foundation There is a video clip on the foundation website that covers this event which is highly recommended to watch. Just 10 days earlier Bill Gates had announced that he will be handing over his role as the chief software architect of Microsoft to concentrate on the work of his foundation. Bill Gates and Warren Buffet are taking venture philanthropy to new heights and inspiring other wealthy people to follow their formidable example. Also because of who they are the coverage of this news all over the media is reaching the whole business and financial community. The impact is unmeasurable. Thanks Warren, Bill and Melinda.