When Peter Buffett was 19, his father, Warren Buffett, gave him Berkshire Hathaway stock worth about $90,000. Peter later recalled that it was essentially the only inheritance he could expect for his own personal use. Instead of holding onto the shares, he sold them and used the money to pursue his interests, including building a career in music.

Dr. M.F. Khan

@Dr_TheHistories

When Peter Buffett was 19, his father, Warren Buffett, gave him Berkshire Hathaway stock worth about $90,000. Peter later recalled that it was essentially the only inheritance he could expect for his own personal use. Instead of holding onto the shares, he sold them and used the money to pursue his interests, including building a career in music. That decision became far more striking as Berkshire Hathaway grew enormously over the following decades. Peter has said that if he had simply kept the stock, it would eventually have been worth hundreds of millions of dollars. Yet he has consistently said he does not regret selling it, explaining that the money gave him something valuable at the time: the freedom to establish his own path rather than build his life around his father’s fortune. Peter went on to become a musician, composer, author, and philanthropist. He has spoken positively about his father’s approach to wealth, which encouraged his children to pursue their own lives instead of depending on a huge inheritance. For Peter, the shares he sold were not just an investment he missed out on. They helped finance the life and career he actually wanted.

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About michelleclarke2015

Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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