Monday, 26 October 2009

Warren Buffet On Dynastic Wealth


Warren Buffet has already pledged a great proportion of his wealth to charity and, even though the richest man on the planet, in 2007/08 payed himself just $100,000 with a $75,000 bonus.

He applies his honest work ethos to all areas of life including his three grown up children Susie, Howard, and Peter. They will be taken care of but will not be the major beneficiaries of his extraordinary wealth. As Buffet said:

"I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing

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