Winner bid is $650,100 to dine with billionaire

OMAHA, Neb. – Two investors put in the winning bid of $650,100 in a charity auction to break bread with billionaire Warren Buffett.

Mohnish Pabrai, who will put up most of the money, said Saturday that he’s going to be well-prepared by the time he meets the famed investor at a New York steakhouse.

“I’ll probably download the menu and see what we want so we don’t waste our time looking at the menu,” Pabrai said.

Pabrai, who manages about $600 million for Pabrai Investment Funds in Irvine, Calif., teamed up with a friend to bid $30,000 more than the top bid from last year’s auction. The 43-year-old investor said he bid unsuccessfully in the previous four auctions.

“We are elated,” Pabrai said. “We wanted to make sure that this year we blew everyone out of the water.”

The auction, which ended Friday night, benefits the Glide Foundation, which provides social services to the poor and homeless in San Francisco.