Monday, June 26, 2006

Coolest Guy Ever...

So, the second richest man in the world gave almost all of his money to charitable organizations benefiting libraries, schools, aids, malaria and malnutrition. That's awesome. What's even better is what he said about why.

Buffett said there had never really been a question of whether he would give his money away, saying, "I'm not an enthusiast for dynastic wealth, especially when the alternative is six billion people much poorer (than we are) having a chance to benefit from the money."

When asked how his children feel about his decision to give away most of his wealth, Buffett said his children "have more money than most people would dream.


Somehow, TR and FDR would be proud. I need to read the book Alex and I heard about online, Old Money; The Mythology of Inherited Wealth in America