This news is now all over the place but I would be remiss if I did not say something about it. In case you live in a world without media and have not heard, Warren Buffett, head of Berkshire Hathaway and the worlds 2nd richest person, is going to give away a vast majority of his fortune to the Bill and Melinda Gates Foundation. You read that right. The worlds 2nd rich person is giving most of his money to the foundation of the worlds richest person.

Now before all you pinks get your panties in a bunch about rich guys giving other rich guys money, let us remember just how much the Gates Foundation has done to fight diseases, improve education, build libraries and sponsor NPR. Just think how much more they could do with even more money and resources. I mean, seriously, diseases like malaria, HIV/AIDS and tuberculosis could be a memory in a relatively short time with enough money thrown at them. The possibilities of this kind of philanthropy are staggering.

FORTUNE Magazine: Warren Buffett gives away his fortune