Saturday, 21 June 2008

Listen to World's Richest #1 and #2 Talk About Giving It Away

First you make a huge pile of money, then you give it away. A few years ago, Warren Buffett announced the largest donation to charity ever - most of his Berkshire Hathaway stock. Watch this video of an hour long TV interview with Buffett and Bill and Melinda Gates, to whose charitable foundation he gave the bulk of the donation. Maybe I'm fooled but there seems to be little ego in any of these folks' attitude to their charity.

It is apparently as challenging to give it away productively as it was to amass the wealth in the first place. Both Gates and Buffett expressed the interesting attitude that their children should not inherit such incredible wealth - that it would be bad for the kids themselves and that the money should go back to society from whence it came. Buffett's quip about how much to leave to kids: " enough so they can do anything but not nothing."

Two men and a woman using their money to better the world, good on them.

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