Warren Buffett’s Son Refused Billions

What this video covers

The psychological aspects of being a founder, using the story of Warren Buffett's son as an example of choosing a different path despite immense wealth and pressure.

Transcript

This is the man who'll become the next chairman of the company acquiring investment picking money-making machine Berkshire Hathaway if Warren Buffett has his way. Howard is a farmer [music] who would rather dig up the ground and drive big machines than sit in a boardroom. >> Were you stunned? Were you surprised? >> surprised. [music] >> But no sign that he's about to leave. >> he won't leave until uh he's buried in the ground. I hate to put it that >> That way. >> This is no gentleman farmer. Howard Buffett [music] works his 1,500 acres in Pana, Illinois himself. >> We're going to go pick some corn. >> going to pick corn. >> This year [music] he harvested 87,000 bushels of corn with his 300 horsepower combine that he runs hands-free off GPS. >> You're like a kid, you know, who can ride his bike without his hands, right? >>

It's a big toy. >> But with corn prices soaring, he can afford it. And incidentally, even a farmer named Buffett can get farm subsidies. Howard received $300,000 in federal payments over 13 years.

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