2006-06-26 13:58:12 · 11 answers · asked by greenfrogs 7 in Business & Finance ➔ Investing
I hope he realizes that if he gives some to me I will spend it wisely.
2006-06-26 14:03:43 · answer #1 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
Warren Buffett has always lived a simple life, even living in the same simple house he had before the billions. He clearly didn't want to leave it all to his kids, even though I'm sure they are well taken care of.
As a very shrewd businessman, I am certain that he spent a lot of time finding the best way to bequeath his fortune. When he chose the William and Melinda Gates Foundation, I'm sure he knew exactly how it would be spent. He even insisted that they spend whatever he gives them in the year he gives it (about $1.5 billion per year).
I think his example along with that of Bill Gates sets a very high standard for others, hearkening back to the days of the early moguls like Rockefeller and Getty. That is a tremendous thing for the world.
Perhaps Saddam would give some of his solid gold toilets to charity?
2006-06-26 22:18:56 · answer #2 · answered by Karl the Webmaster 3 · 0⤊ 0⤋
I think Bill Gates and Warren Buffett have done a very good thing: they have set themselves as living examples to other rich people.
I do not think Gates and Buffett need all those money to live well on this earth. On the other hand, I think it is very irony that the world we live... most of its people are poor. Buffett probably realized that he won't bring any penny to his death. He did not bring money when he was born. Giving most of his money this way will make the world remember him more. And that is the best thing, to die with legacy. We only need money to live in this earth; you cannot buy life with money when you are dead.
This should be a humbling lesson for those greedy rich not stash everything for themselves but to share.
2006-06-27 01:47:29 · answer #3 · answered by teddybear1268 3 · 0⤊ 0⤋
Very similar to the great Andrew Carnegie. I think that Buffett is a very generous man. With that much wealth, why not give a nice chunk away.
2006-06-26 23:04:55 · answer #4 · answered by RMC 2 · 0⤊ 0⤋
He earned his money, he can spend it as he pleases. However, a true visionary would have created his own foundation, and found a need for his money. I'm not knocking his decision, but I think Buffet could have done better had he put more effort into it.
Quite a shame he isn't giving any back to his alma mater.
2006-06-26 21:15:09 · answer #5 · answered by Some Guy 3 · 0⤊ 0⤋
I'm not familiar with some of Bill Gates charitable organizations, but I recall one of them I don't approve of. But, it's his money to do with what he likes. Seems like a transfer of wealth to me. I can think of a lot more organizations that could have benefited from his generosity. But, he earned, he can spend it how he likes.
2006-06-26 21:04:52 · answer #6 · answered by kathy059 6 · 0⤊ 0⤋
Isn't it curious that the world's richest two guys are going full-time into the 'aid' business? Should be interesting to see how it all changes the world.
2006-06-26 21:03:33 · answer #7 · answered by swdMO 3 · 0⤊ 0⤋
It's his money and he can do with it as he pleases. In my opinion he's made a great choice.
2006-06-26 21:03:42 · answer #8 · answered by Patience 6 · 0⤊ 0⤋
how much did you think he was going to take with him to the next life?
2006-06-26 21:02:50 · answer #9 · answered by Chad B 2 · 0⤊ 0⤋
I think it is a great thing.
2006-06-26 21:01:09 · answer #10 · answered by randar 2 · 0⤊ 0⤋