Warren Buffet Buys Chometz


warren-buffetThe Omaha World Herald reports:

It might be his best deal yet.

Warren Buffett got a bottle of Scotch, a loaf of traditional Jewish bread, a bag of Cheetos and the rights to the food in three large drums and a box.

All for free.

For thousands of years, Jewish people have sold their leavened goods – anything containing grain that rises when baked – to non-Jewish friends before the eight-day observance of Passover begins. Any unsold leavened products are donated to charity.

Jewish law forbids eating or having leavened goods during Passover, which celebrates the Exodus of the ancient Israelites from Egypt after being freed from slavery.

Rabbi Jonathan Gross of the Beth Israel Synagogue in west Omaha had an idea. He would ask Omaha investor Buffett – an 81-year-old agnostic and the third-richest man in the world – to take part in the “Sale of Chametz.”

Gross typed up a letter.

He included a little background on how the sale would work: Buffett would buy the goods, Gross would buy them back later.

“Price is low before Passover. Price is high afterward,” Gross said. “It’s a great short-term investment. So who would really appreciate this better than Warren Buffett?”

Gross also included the name of his friend Rabbi Myer Kripke, for whom the Kripke Center for the Study of Religion & Society at Creighton University is named. Kripke has been friends with Buffett for 50 years, since they were neighbors in Dundee.

A few days later, Gross got an email from Debbie Bosanek, Buffett’s longtime secretary, saying Buffett liked the idea.

“The beauty of being an agnostic is that you are in no position to make any judgment about anything,” Buffett said in an interview. “You can join in on anything.”

He said he decided to participate because it’s “a ceremony of enormous importance to Jews.”

One problem: Passover begins at sunset on April 6, and Jews regularly sell their leavened goods just one day ahead of the observance. Because of his schedule, Buffett wanted to meet Feb. 23 – six weeks before Passover.

Gross decided that he couldn’t actually sell Buffett his boxes of goods under Jewish tradition. “The sale is real, not a joke,” Gross said.

He called a mentor rabbi. Scratch the official sale, the mentor advised.

Gross decided to keep the meeting with Buffett, because he wanted to raise awareness about the need for donations to the Food Bank for the Heartland.

During the afternoon of Feb. 23, Gross packed up the goods and his meeting script – he didn’t want to waste any of Buffett’s time. He picked up Yossi Stern, Kripke’s son-in-law, and Rabbi Kripke, who at age 98 uses a wheelchair.

At Berkshire Hathaway’s offices in the Kiewit Plaza near 36th and Farnam Streets, Buffett showed the men around his 14th-floor office.

They saw his signed Shaquille O’Neal sneakers and shelves of Husker memorabilia.

“It’s really very ordinary,” Gross said of Buffett’s office.

In a nod to the ceremonial sale, Gross gave Buffett four 50-cent pieces to finance the deal.

Gross gave him a bottle of single-malt Scotch, home-baked challah – traditional braided Jewish bread – and Buffett’s favorite, a bag of Cheetos.

Gross also handed him two sets of keys – to Beth Israel Synagogue and to Gross’ west Omaha home, where the box and drums of food are kept. (Buffett agreed to donate the food to the food bank.)

The Oracle of Omaha and the west Omaha rabbi shook hands, no signed agreement needed.

Buffett returned the 50-cent coins.

He joked that now that he knows the asking price – four coins – he’ll bargain down to two coins next year.

“Why didn’t anyone tell me about this earlier? This is a great investment,” Buffett said. “I could have been doing this for years.”

{Omaha World Herald/Matzav.com Newscenter}


  1. This looks like a by-line from The Onion or a satire… Next thing you know there will be 3% more Chometz after Pesach than before….the guy ALWAYS gets good returns!

  2. They seemed to have taken a serious halachic law and turned it into a joke. What a chilul Hashem. Now the goyim think the sale is only a “ceremony”. all for a little fame?

  3. Hey Rabbi, maybe we can get Warren to throw a few dollars our way, towards our struggling Yeshivo’s & Mosdos! To Rabbi Kripke: Kenuyna Horah – bizz ah hundret un tzvancik! Can you post some info on this 98 year old Rabbi? I’ve never heard of him.

  4. moZ, its the exact opposite. If one of the richest men in the world takes out time from his busy schedule to learn about the sale, it shows its significance and brings awareness to the halacha.

  5. thisw is great they brought it front and center for the irreligious jews to see it awakens many minds to their grand parents and possibly themselves

  6. TO moz

    NOTE THE LINE: Gross decided that he couldn’t actually sell Buffett his boxes of goods under Jewish tradition. “The sale is real, not a joke,” Gross said.

    He specifically gave Buffet stuff that he wasn’t expecting to get back (cheetos, single malt etc)

    The chillul HaShem will be when the goyim read this page and note your total failure in reading comprehension and your willingness to take a pot-shot at a fellow Jew.

  7. This makes a joke out of the system – if either party doesnt truly believe its a genuine sale then the whole transaction is null.

    A Rov in London once took the goy to the house of a yid who made fun of the system on Pesach and told him to take any bottle of whisky he wanted from the guys cabinet!

  8. #3 chill did you think of the possibility that many jews will become aware of this and learn that there more to pesach than matza borsht and g d forbid …….

  9. Why couldn’t they do the sale earlier and have it be chal on Pesach? I did that one year when I was a shul rov, as the goy was busy and I wrote in the shtar that the mechirah should be chal at the proper time. I also was mehader after a chashuver goy and made a news story out of it.

  10. HEY!!! Why not me? I also want in on this deal. Am I not a proper gentile? I’m friends with a lot of jews & they never offered me such a deal. Maybe I’ll have to offer a fair commission to anyone who brings me such a deal.
    Sadly signed,
    The Donald