Buffett Announces Inheritance Distribution, How Does the 'Oracle of Omaha' Educate the Next Generation?

The 'Oracle of Omaha', Buffett, with a net worth of $150 billion, announced his latest inheritance plans this week. Buffett plans to donate 99.5% of his personal wealth, which consists of Berkshire shares, to a family charity fund.

Buffett opposes the 'wealth inheritance system', stating that the wealthy should only leave suitable amounts of money for their descendants, enough to meet their needs but not enough to leave them idle.

Buffett has three children, none of whom have pursued the same career as him. So, how does the 'Oracle of Omaha' educate his children? What has he left for them?

1. The 'Oracle of Omaha's' children do not engage in stocks. Although Buffett himself is referred to as the Oracle of Omaha, these three children are involved in fields unrelated to stocks.

2. Two Modes of Life. One is addition, the other is multiplication. Buffett has always encouraged his children to focus on multiplication. One of the core beliefs in Buffett's educational philosophy is not to focus on addition, but rather on multiplication. After all, he comes from an investment background. Investors are very sensitive to the concept of compound interest. They place more importance on multiplication than the average person.

3. Every multiplier should be greater than 1. Once I identify a valuable matter, I must stick to it and avoid anything that might interfere with this main line. As your abilities grow, unexpected opportunities will inevitably come within your range. This is the multiplication strategy.

4. Focus on the main line, do not be disturbed by anything. This does not mean that returns are not important, but rather, do not let the amount of return interfere with your life's main line. What have you given up for this main line in life? As the saying goes, what determines our life is not only what we gain but also what we give up.

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