21–30 of 36 posts
Buffet loves making money, is may be the wrong guy to give it away. Based on his article, his children seem very locally oriented rather than global visionaries. If I was him, I would not leave this to my kids, who may never agree on much, and then there is zero impact and the pile of cash just sits there doing nothing. The Scottish billionaire Tom Hunter (who go rich from selling shoes) hired a team of 30 who spent…
> pile of cash just sits there doing nothing What pile of cash? These are shares. Buffett and Munger have taken great pains to ensure that capital allocation will be done well at Berkshire after their death. There’s no “pile of cash sitting there doing nothing”.
The article author seems a bit salty at this turn of events.
Earlier quoted context omitted.
Quite possibly he did mean it at the time. However, since the announcement that it would be going to the Gates Foundation, uh, Bill Gates' reputation has had a rough time. Also, it was the Bill & Melinda Gates Foundation at the time, and they (and their money and charitable endeavors) have since split, so if it was Melinda Gates' instincts and skills on charitable giving that he was counting on when he made the initi…
Pulling back from that foundation, sure, but starting his own org from scratch with no experience, and puts his 3 weird kids in charge? That's ludicrous.
He might just be making a mistake, but it is also possible that the longer he looked at charitable organizations generally, the less impressed he was. Also, he may not have much time, and having something in place now is better than having nothing.
Bill’s sex life may cost the world a $100B+, as Warren’s kids don’t appear to be on the same required wavelength.
I guess he was just buying time and goodwill from the masses with his announcements. What a disappointment. I guess the wealthy really did win the class war.
Bill’s sex life may cost the world a $100B+, as Warren’s kids don’t appear to be on the same required wavelength.
Earlier quoted context omitted.
> pile of cash just sits there doing nothing What pile of cash? These are shares. Buffett and Munger have taken great pains to ensure that capital allocation will be done well at Berkshire after their death. There’s no “pile of cash sitting there doing nothing”.
Shares can be sold.
Whats more surprising, imo, is that anyone is surprised by this.