Buffett: The Making of an American Capitalist - Howie Buffett's Corn Summary & Analysis

Roger Lowenstein
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Howie Buffett's Corn Summary and Analysis

Buffett's relationship with his children was unusual and certainly different from the relationship between other super-rich and their children. Indeed, Buffett spoke and wrote terribly scathing words about the practice of the rich simply passing out their wealth to family members, particularly children, rather than contributing to societal good. For his part, Buffett contributed an annual gift of $10,000 to each child and no more. If he loaned them any money, a payment agreement was drawn up.

Susie, the daughter, seemed to accept her father's approach to his children. Each child had been left a small amount from their grandfather, and Buffett had invested it in Berkshire. Had they left the investment in, they would have been millionaires. Susie cashed hers in to buy a Porsche. Her marriage failed, and she moved to Washington, eventually marrying Allen Greenburg...

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This section contains 755 words
(approx. 2 pages at 400 words per page)
Buy the Buffett: The Making of an American Capitalist Study Guide
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