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When Warren Buffett Is Your Daddy

The musician and youngest son of Warren Buffett on why his father never wrote the family blank checks.

(Editor’s note: This interview was originally published on May 12, 2010.) Given the troubles that have notoriously plagued the children of the world’s richest people, you might guess that the son of Warren Buffett (net worth: $47 billion) might not be particularly well adjusted. At the very least, you could probably assume that he might not know the value of a dollar or a day’s work. As it happens, Peter Buffett, Warren’s youngest, dropped out of college, sold his inheritance and followed his dream of becoming a musician (and netted a bunch of awards, an Emmy included, along the way). In his spare time, he’s lectured parents on how to teach their kids financial responsibility, which he’s now turned into a book, Life Is What You Make Of It: Find Your Own Path To Fulfillment.

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Observer: Why did you want to write this book?

Mr. Buffett: For decades, people would say to me, ‘You’re Warren Buffett’s son? But you’re so normal!’ It was funny to me that they were surprised I........

© Observer