This article provides details of the dinner Justin Sun, Co-Founder and CEO of TRON Foundation, had with billionaire Warren Buffett, Chairman and CEO of Berkshire Hathaway, on January 23.
Background to Sun's Meeting With Buffett
On 3 June 2019, Sun sent out a tweet to announce that he had won "the record-setting 20th anniversary charity lunch" hosted by Buffett.
According to Bloomberg, this annual auction "raises money for San Francisco-based charity Glide Foundation, which Buffett’s late wife Susan supported" and which "provides meals for the city’s homeless, offers support to domestic violence victims, and helps people find shelter."
Back in June 20019, in his open letter to the TRON community, Sun said that:
He was a long-term fan of Warren Buffett and his "long-term value investing strategy."
He saw this upcoming lunch meeting (a victory "for the entire blockchain community") as a chance to "seek mutual understanding and growth."
To help the blockchain/crypto community, he would invite seven "industry leaders" to come to this lunch with him.
This lunch meeting was supposed to take place on July 25 at chef Michael Tusk's three-Michelin-stars-rated San Francisco restaurant Quince. The first four guests to be named were Litecoin creator Charlie Lee, Circle CEO Jeremy Allaire, Binance Charity Head Helen Hai, and eToro CEO Yoni Assia.
Then, 22 July 2019, TRON Foundation sent out the following tweet to explain that Sun's meeting with Buffett had had to be postponed due to medical reasons, namely Sun's kidney stones, and that the two parties had agreed to reschedule this meeting:
TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones. Parties agreed to reschedule at a later date. @GLIDEsf @WarrenBuffett— TRON Foundation (@Tronfoundation) July 22, 2019
Detail of Sun's Dinner Meeting With Buffett
This much-delayed lunch meeting finally became a dinner meeting on 23 January 2020, but we only found out that this meeting had finally taken place when Sun tweeted about it two weeks after the event (i.e. on February 6):
Amazing dinner w/ @WarrenBuffett finally! Thx for your support & advice on how to take #TRON to the next level! Loved our talk on #Bitcoin, @Tesla & #TRON! Glad to support @GLIDEsf as well! C U at #BRK2020 & our reunion meal in 2030! Details below 👇 pic.twitter.com/tjulvv2C9k— Justin Sun (@justinsuntron) February 6, 2020
The dinner took place at Happy Hollow Club, a golf club in Omaha, Nebraska, which is where Buffett lives. Buffett, who is a member of this club, paid $515.05 for the dinner with Sun and his friends (Charlie Lee, Chris Lee, Helen Hai, and Yoni Assia):
(1/12) Most delicious meal ever! Thks @WarrenBuffett for taking us to Happy Hollow Club! $4.56 MIL for a $515.05 dinner was money well spent! The insights I received are priceless. I enjoyed every bite with my friends @SatoshiLite @ChrisLEE_Crypto @HelenHaiyu @yoniassia! pic.twitter.com/tSQirSZY2e— Justin Sun (@justinsuntron) February 6, 2020
Apparently, Sun presented Buffett with several gifts: two Samsung Galaxy Fold phones (which have a built-in crypto wallet supporting Bitcoin, Ethereum, TRON, and Klaytn), a miniature bronze horse sculpture (since they were both born in the Year of the Horse), and "a traditional Chinese paper cutting of mouse in celebration of the Year of the Mouse 2020":
(5/12)Mr. Buffett’s #Samsung Folds are embedded w/100 $BTT,100 $WIN & $USDT-TRC20. I gave him a Bronze Horse since we are both born in Year of the Horse, 1930/1990! I also gave him a traditional Chinese paper cutting of mouse in celebration of the Year of the Mouse 2020! pic.twitter.com/zRnrVAPaYX— Justin Sun (@justinsuntron) February 6, 2020
During the dinner, Sun discussed a variety of topics with Buffett, a few of which are listed below:
- Sun's lunch (on January 21) with Apple Co-Founder Steve Wozniak;
- How some of the companies that Buffett has invested in, such as J.P. Morgan are using blockchain technology, and the role of blockchain in the future of the payments industry;
- Tesla and whether buying Tesla stock is a good investment;
Later today, Sun will be sharing via a live stream on "dlive" the lessons he learned from his meeting with Buffet:
I’m thankful for the lessons learned during the dinner w/ @WarrenBuffett & I can’t wait to share this exciting experience with you.— Justin Sun (@justinsuntron) February 7, 2020
Join me @OfficialDLive(https://t.co/shul87Yvwj) at 5:00PM, Feb 7th where I share with you Mr. Buffett's vision about #blockchain & #investment. pic.twitter.com/WlZ0tZDzK5
TRX's Recent Price Action
According to data from CryptoCompare, TRX-USD is currently trading at $0.02322 (up 12% in the past 24-hour period), which is the highest it has been since 26 July 2019:
TRX has been a great performer so far in 2020 having gone up 75.71% against USD (compared to a gain of 32.83% for BTC-USD).