Warren Buffett’s Son Shares What He Did with the $90K of Stock His Dad Gave Him
Warren Buffett gave his son Peter $90,000 of Berkshire Hathaway stock when he turned 19 in 1977. Peter recently shared what he did with that gift — which would be worth $200 million today.
“I used my nest egg to buy something infinitely more valuable than money: I used it to buy time,” Peter said.
“There are many people who are privileged, either in terms of money, emotional support or some sort of unique talent or opportunity.”
“But they fail to understand the value of time and instead try to rush into their destiny” — and, as a result, end up “working jobs that may or may not be right for them, that may or may not be fulfilling.”
“I learned more in those difficult times about myself and my resiliency than I ever would have if I had a pile of money and glided through life,” Peter told NPR. “I honestly feel that my father’s refusal [to let me take the easy way out] was an act of love — as if to say, ‘I believe in you, and you don’t need my help.’”