Sign in
Arrow Left icon

You in Inbox

Export Variant icon Dots Vertical icon
Cover

What I Learned From Warren Buffett

hbr.org

hbr.org

Warren and I share certain values. He and I both feel lucky that we were born into an era in which our skills have turned out to be so remunerative. Had we been born at a different time, our skills might not have had much value. Since we don’t plan on spending much of what we have accumulated, we can make sure our wealth benefits society. In a sense, we’re both working for charity. In any case, our heirs will get only a small portion of what we accumulate, because we both believe that passing on huge wealth to children isn’t in their or society’s interest. Warren likes to say that he wants to give his children enough money for them to do anything but not enough for them to do nothing. I thought about this before I met Warren, and hearing him articulate it crystallized my feelings.

Love this: "...give his children enough money for them to do anything but not enough for them to do nothing." Probably a pretty smart approach.