Buffett Family Inspires

This interview of Nicole Buffett by Jennifer Ludden has to have been one of the most inspiring pieces I have heard on NPR. I have heard many anecdotes about the descendants of wealthy individuals squandering hard-earned money. The topic is seriously treated in The Millionaire Next Door. It is clear from this light, frank conversation that Warren Buffett and his late wife Susan have indoctrinated their children and grandchildren in the proper use of wealth. Let me repeat Susan Buffett’s five rules here:

  1. Show up.
  2. Tell the truth.
  3. Pay attention.
  4. Do your best.
  5. Don't be attached to the outcome.

In particular, the last rule hearkens back to Bhagawad Geeta 2.47.

Tags: Finance, Philosophy

Created at: 1 July 2006 12:07 AM