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Will Warren Buffett Survive 2017?
#1
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Very few people know the richest man on earth, billionaire Warren Buffett, better than his daughter, Susan Buffett.

She takes part in a portrait of the financial genius, HBO’s “Becoming Warren Buffett,” which premieres Monday at 10 p.m.

http://www.businessinsider.sg/becoming-w...bo-2017-1/
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#2
In the documentary, Susan, who was named after her mother and goes by Susie, provides a lot of intimate details about her parents, growing up in the family’s Omaha home, and what drove her father to give away a large chunk of his fortune to charitable causes, including her children’s charity, the Sherwood Foundation.
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#3
But despite Warren’s reputation for being frugal and highly opinionated about investing money, Susie said finances were rarely spoken about in the Buffett home. In fact, she said she had no idea how rich her father was until her late teens.
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#4
“My parents never talked about money. They didn’t fight about it at all, either,” Susie recently told Business Insider. “It was nonexistent, really, except that my brothers and I got a weekly allowance. We never got the lessons I think some kids get — you know, you can spend this much and you should save the nickel or whatever. None of that went on.”
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#5
Susie said there are a lot of aspects of her father that people often get wrong.

Here are five misconceptions about Warren Buffett, according to his daughter:
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#6
[Image: warren-buffett-wasnt-as-stingy-about-don...e-said.jpg]

Warren Buffett wasn’t as stingy about donating to charity in the early years as his critics have said.
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#7
Before his large gift to several charities and the Bill and Melinda Gates Foundation last year, Warren was ridiculed by critics for not giving money to charity. Susie said she believes this is a side effect of her father’s belief in investing for the long haul.

“His theory, of course, was that he was good at making money and there would be a lot more to give away if he could keep making it,” she said.
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#8
But she said her parents had been giving back to the community for decades. They just weren’t tooting their own horn.

“My mother was quietly giving a lot away,” she said. “She started a scholarship program, actually, when I was in high school. It was only a couple kids a year, but she started as soon as there was some money there to give away.

“Neither of them have ever been the type to look for any recognition when they were doing philanthropic things. And it was certainly my mother doing it more than my dad at that point. And so I think there was a little more happening than people realize.”
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#9
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Warren Buffett is more generous with his children than people give him credit for.
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#10
“I actually agree with his philosophy of not dumping a bunch of money on your kids. And, by the way, my dad gets a bad rap for that,” Susie told Business Insider. “He has been much more generous than people are aware. I feel extremely grateful to have the parents I had and for what they’ve given us. But certainly, he’s not going to leave us $50 billion and shouldn’t. It would be crazy to do anything like that.”

Warren’s decision in 2016 to give much of his fortune to charity partly benefits foundations created by his children.
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