Considering obligations of finances self and family warren


Considering Obligations of Finances, Self and Family:

Warren Buffet, the famous financier, has a personal fortune estimated at $1.5 billion. Nevertheless, he is reported to have prepared a will that leaves almost all his wealth to charity and only a few hundred thousand dollars to each of his three children. Buffet's decision was not based on any animosity towards his children but, instead, on his belief that inheriting great wealth is more harmful than helpful to a person. Comment on his decision.

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