
Baby Buffett: How to invest for children
Many Happy Returns
00:00
How to Forge a Family Mission Statement
The best piece of advice i came across was it might pay to forge a family mission statement. You'd see yourself more as a kind of custodian of the milies wealth and inheritance, rather than that it's your money and yours alone. But also the problems that crop up with wealth. I mean, people often assume that if you are wealthy, many of your problems go away. They just morf into different problems. So i think understanding those problems from the past and seeing the similarities and how things don't really change is very engaging.
Transcript
Play full episode