wiegie Posted June 25, 2006 Share Posted June 25, 2006 thoughts on this sentiment: Our kids are great. But I would argue that when your kids have all the advantages anyway, in terms of how they grow up and the opportunities they have for education, including what they learn at home - I would say it's neither right nor rational to be flooding them with money. In effect, they've had a gigantic headstart in a society that aspires to be a meritocracy. Dynastic mega-wealth would further tilt the playing field that we ought to be trying instead to level. http://money.cnn.com/2006/06/25/magazines/...rtune/index.htm Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted June 25, 2006 Share Posted June 25, 2006 What would I care what he thinks? I don't even like his music... Quote Link to comment Share on other sites More sharing options...
thecerwin Posted June 25, 2006 Share Posted June 25, 2006 What would I care what he thinks? I don't even like his music... Quote Link to comment Share on other sites More sharing options...
Selly Posted June 25, 2006 Share Posted June 25, 2006 Can I get that in cheeseburgers and margaritas? Quote Link to comment Share on other sites More sharing options...
I Like Soup Posted June 25, 2006 Share Posted June 25, 2006 That guy is selfish. Quote Link to comment Share on other sites More sharing options...
biggamer3 Posted June 25, 2006 Share Posted June 25, 2006 "still believe in the philosophy that a very rich person should leave his kids enough to do anything but not enough to do nothing" one of the best quotes i have ever heard Quote Link to comment Share on other sites More sharing options...
spain Posted June 25, 2006 Share Posted June 25, 2006 I would push the old bas turd down a flight of stairs before he had the chance to cut me out of the will... Quote Link to comment Share on other sites More sharing options...
muck Posted June 26, 2006 Share Posted June 26, 2006 FWIW, this is very old news. His kids have been (IIRC) given $4 million in his will, the rest was to be left to a charity run by his (ex) wife (they were still married, but hadn't lived together for more than 10yrs). She's dead, so I don't know which charities are getting it ... but, I can't imagine that his philosophy on giving money to his kids would have changed much... Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted June 26, 2006 Share Posted June 26, 2006 Good call, Warren. I bet his kids are pissed! $4m instead of billions??? Quote Link to comment Share on other sites More sharing options...
Meat Face Posted June 26, 2006 Share Posted June 26, 2006 Buffett is awesome. Quote Link to comment Share on other sites More sharing options...
Swampnuts Posted June 26, 2006 Share Posted June 26, 2006 (edited) I have a hard time believing he's worth $37 Billion. Never mind, I read the link. Edited June 26, 2006 by Swampnuts Quote Link to comment Share on other sites More sharing options...
muck Posted June 26, 2006 Share Posted June 26, 2006 I bet his kids are pissed! $4m instead of billions??? Again, IIRC, the $4m is going to them personally (it may be as high as $10 million); they're getting more via their own charitable foundations (not sure how much though). And, are his kids pissed? Dunno; but they've been told this day was coming for more than 20 years...so, they should have had plenty of time to deal with any emotional issues related to this... Quote Link to comment Share on other sites More sharing options...
TimC Posted June 26, 2006 Share Posted June 26, 2006 Again, IIRC, the $4m is going to them personally (it may be as high as $10 million); they're getting more via their own charitable foundations (not sure how much though). And, are his kids pissed? Dunno; but they've been told this day was coming for more than 20 years...so, they should have had plenty of time to deal with any emotional issues related to this... Or pushed the f'er down the stairs as Spain said. Quote Link to comment Share on other sites More sharing options...
jetsfan Posted June 26, 2006 Share Posted June 26, 2006 More importantly, I read that Berkshire (Buffett) is investing overseas for the first time because of fears that the dollar will continue to weaken Quote Link to comment Share on other sites More sharing options...
Down Goes Frazia Posted June 26, 2006 Share Posted June 26, 2006 he's giving 1.5 BILLION a year to the gates foundation with the only stipulation that it's spent in the year it's donated. Quote Link to comment Share on other sites More sharing options...
thecerwin Posted June 26, 2006 Share Posted June 26, 2006 he's giving 1.5 BILLION a year to the gates foundation with the only stipulation that it's spent in the year it's donated. Bill: "I'm sure we can accommodate this stipulation, Warren." I wonder if this is the first time in history where one billionaire gave his fortune to another billionaire, and everyone praised them for it. Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted June 26, 2006 Share Posted June 26, 2006 More importantly, I read that Berkshire (Buffett) is investing overseas for the first time because of fears that the dollar will continue to weaken Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted June 26, 2006 Share Posted June 26, 2006 More importantly, I read that Berkshire (Buffett) is investing overseas for the first time because of fears that the dollar will continue to weaken Now is a good time to have a chunk of your 401k in foreign equities. Quote Link to comment Share on other sites More sharing options...
Clubfoothead Posted June 26, 2006 Share Posted June 26, 2006 Sounds like Buffett thinks the rich benefit more from the way things are than the poor. Quote Link to comment Share on other sites More sharing options...
muck Posted June 26, 2006 Share Posted June 26, 2006 More importantly, I read that Berkshire (Buffett) is investing overseas for the first time because of fears that the dollar will continue to weaken Old news... Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted June 26, 2006 Share Posted June 26, 2006 Sounds like Buffett thinks the rich benefit more from the way things are than the poor. yah its funny how the rich say that and the republitaaaard middle and lower class say otherwise??? Quote Link to comment Share on other sites More sharing options...
muck Posted June 26, 2006 Share Posted June 26, 2006 Sounds like Buffett thinks the rich benefit more from the way things are than the poor. He and Gates and several other richies have some interesting views on philanthropy. I remember reading a report several years ago about some of the research that Gates' foundation has supported ... stuff like forced sterilization, etc. ... But, Warren is right ... to do philanthropy correctly, you have to make some mistakes, potentially large mistakes, in order to get it right. In some ways, it's like venture capital ... you have to seed a bunch of companies in anticipation that one or two hit it big...not knowing ahead of time which one or two that'll be. Quote Link to comment Share on other sites More sharing options...
Furd Posted June 26, 2006 Share Posted June 26, 2006 Outstanding. Quote Link to comment Share on other sites More sharing options...
Easy n Dirty Posted June 26, 2006 Share Posted June 26, 2006 yah its funny how the rich say that and the republitaaaard middle and lower class say otherwise??? You're starting to sound like a broken record. Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted June 27, 2006 Share Posted June 27, 2006 (edited) Now is a good time to have a chunk of your 401k in foreign equities. Done. Central America, Europe and Asia. Hopefully, that will offer some protection. If Fidelity offered me an option specifically in India - I'd jump on it. That country is booming. I did leave a fair chink in US RE because despite the bubble burst talk, the fund is still performing remarkably well in a time when many others are not. Edited June 27, 2006 by Jimmy Neutron Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.