On September 18th, Warren Buffett stepped down as the leader of Berkshire Hathaway, and in doing so reaffirmed his massive charity bequest. I gathered this report fro a variety of internet sources:
"In 2024, Warren Buffett announced that after his death, his fortune would be directed to a new charitable foundation overseen by his three children, Susan A. (Susie) Buffett, Howard G. (Howie) Buffett and Peter Buffett. The 95-year-old’s wealth is now estimated at more than $150 billion, according to Bloomberg.
Adding to the challenge, the legendary investor requested that all the money be given away within 10 years of his death. Another catch: All three must unanimously agree on how to disburse the funds."
The details and processes quickly become complex and, to me, somewhat confusing. But, be that as it may, this is a significant step forward along the "selfless childishness path"discussed in the most recent Wall post.
Yeah, Warren!
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