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Any resemblance to Warren Buffett, a newly-widowed insurance company employee with a medium-sized home in Omaha, Nebraska who, as old age begins to bite, decides to donate some of his takings to the Bill Gates Foundation, is, of course, pure coincidence.

The difference between Mr Schmidt and Mr Buffett is that whereas Mr Schmidt dreamed of being the owner of a listed company on the cover of such magazines as Fortune or Forbes, Mr Buffett has achieved this and become a multi-billionaire in the process.

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