Monday, March 13, 2006

Warren Buffet's Next Role is Animated Hero

Wow...I can't wait for this DVD set to come out. I'd love to order it for my 10 year old nephew.

13 episodes will teach children about basic financial responsibility.

Working pro bono, Buffett will play himself in a coming 13-part DVD series, "The Secret Millionaire's Club," produced by Burbank-based DIC Entertainment Corp. The 75-year-old grandfather plays an animated version of himself who offers his wisdom with the kind of down-home delivery that has made Buffett a folk hero to investors."

An educational approach to money and investing struck me as a very good idea," Buffett said in an interview.

In the series Buffett offers advice to a group of children who want to raise money to ward off an unscrupulous developer aiming to shut down a youth center in Buffett's hometown of Omaha. The children auction some valuable baseball memorabilia they discover in the club's attic. After paying off the club's mortgage they turn to Buffett for advice on what companies they should invest in.

The stories, aimed at children 8 to 12, reflect many of Buffett's investment preferences. The kids invest in an ice cream franchise and a candy store. Buffett's holding company, Berkshire Hathaway Inc., owns International Dairy Queen Inc. and See's Candies Inc.

His skepticism toward risky technology stocks also shows up in another episode, when kids pull the plug on investing in a company fraudulently claiming to have invented a self-charging battery.

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