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40 Beachwood Buzz
n
January 2017
Adrienne and Philip
Goldberg Honored
at Israel Bonds
Tribute Event
The Park Synagogue, together with
Israel Bonds, hosted an Israel Bonds
tribute event honoring Adrienne and
Philip Goldberg at a dessert reception
on Thursday, December 8 at The Park
Synagogue East with more than 125 at-
tending. Guest speaker was Assaf Shariv,
CEO of Amelia Investments and former
Consul General of Israel in New York.
Honorary Chairs were Renee and
Kerry Chelm, Judith and David Kaufman,
and Enid and David Rosenberg.
Development Corporation for Israel,
commonly known as Israel Bonds,
is a broker-dealer that underwrites
securities issued by the State of Israel
in the United States. In each of the last
four years, U.S. Israel bond investments
have surpassed $1 billion. Almost $2
million in Israel bond purchases and in-
tentions to purchase were announced
at the event.
Thomas A. Lockshin is the Israel
Bonds executive director for Ohio and
Kentucky.
In recognition of this honor, Mayor
Merle S. Gorden and City Council pro-
claimed Thursday, December 8, 2016 as
"Adrienne and Philip Goldberg Day" in
the City of Beachwood.
Pictured: Adrienne and Philip
Goldberg receive a proclamation
from Mayor Merle S. Gorden and
Beachwood City Council.
Warren Buffett:
Investing in Israel Bonds is
"A Terrific Tribute to the Country"
Famed Investor Emphasizes Point
with Personal $5 Million
Israel Bond Investment
Berkshire Hathaway chairman and CEO
Warren Buffett welcomed 43 U.S. Israel
bond investors to Omaha on Sunday, each
of whom made a minimum $1 million new
investment to participate in an exclusive
evening with the famed "oracle of Omaha."
The evening opened with a tribute video
from Israeli Prime Minister Benjamin Net-
anyahu, who said, "Warren is one of the most
brilliant and successful investors of our time.
He knows a good investment when he sees
it. That's why he invests in Israel."
Buffett, who made Israeli company
Iscar his first overseas acquisition, spoke
warmly of the Jewish state, calling it "a
remarkable country." He stressed that "The
United States and Israel have a common
destiny," saying, "If you are looking for
brains, energy and dynamism in the Mid-
dle East, Israel is the only place you need
to go."
Buffett also spoke positively of invest-
ing in Israel bonds, calling the invest-
ments "a terrific tribute to the country."
He said he would invest $5 million in
Israel bonds in his personal portfolio if
participants at the event matched his
investment. In doing so, Buffett stated,
"I wanted ­ through the last-minute
challenge ­ to set the bar even higher for
future events."
He added, "You can tell prospective in-
vestors that I would have taken a perpet-
ual bond if you had offered one. I believe
Israel is going to be around forever."
As a result, Israel bond sales directly
attributable to the event totaled $60
million. In addition to Buffett's $5 mil-
lion investment, Berkshire Hathaway's
portfolio has included Israel bonds since
its acquisition of GUARD Insurance in
2012, now known as Berkshire Hathaway
GUARD Insurance Companies.
The evening was the result of an April
meeting held in Omaha between Buffett
and then-Bonds president and CEO Izzy
Tapoohi, vice president for sales Stuart
Garawitz and Pennsylvania region execu-
tive director Harold Marcus.
In commenting on the meeting, Buffett
said, "I learned quite a bit more about the
Bonds program" and said, "I'd love to do
(the event)."
In expressing appreciation to Buffett,
new Israel Bonds president and CEO Israel
Maimon said, "This event tells me that
Warren Buffett, famed for his investment
expertise, continues to view Israel as a
sure bet."
The evening was hosted by Henry Da-
vis, president and CEO of Greater Omaha
Packing.
Thomas A. Lockshin is executive
director of the regional office located in
Cleveland.
Israel bonds are debt securities issued
by the government of Israel. Israel Bonds
is also the commonly known name of
Development Corporation for Israel (DCI),
which underwrites the bonds in the Unit-
ed States. Capital provided through the
sale of Israel bonds has helped strengthen
every aspect of Israel's economy, enabling
the development of key national infra-
structure. Today, expanded ports and
transportation networks help facilitate
the shipment of "Made in Israel" technolo-
gy around the world, enhancing national
export growth. Capital accrued through
the sale of Israel bonds has enabled cut-
ting-edge innovation that saves lives and
changes the world on a daily basis.
Israel Bonds president and CEO Israel
Maimon with Berkshire Hathaway chairman
and CEO Warren Buffet.