this post was submitted on 10 Apr 2025
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I always like to mention Warren Buffet completely disowned one his grand daughters for appearing in a documentary about rich people made by the heir to the Johnson & Johnson fortune.
What's your feeling on that? Happy because less generational wealth or mad because he is against transparency?
I point it out because it shows how psychopathic he is to cut out a close family member from his life over nothing. He's a heartless asshole, and I think that documentary shows most rich people fall from the same tree, to varying degree.
Decreasing inheritors keeps the money more concentrated, which keeps it in the family longer. The more quickly it's diluted, the faster that wealth power fades.
Good point.