Get To Know Piers Morgan

READ about Piers Morgan's long career in journalism here.

Thank You

Thank you for watching "Piers Morgan Live" over the years. See below for your favorite memories from 2011-2014.
November 8th, 2013
01:42 PM ET

Buffett's parenting style

Tonight, on "Piers Morgan Live," Piers Morgan welcomes perhaps the most financially savvy panel he’s ever assembled on his set: billionaire businessman Warren Buffett, his son Howard G., and grandson Howard W., to talk fortunes and Buffett family values. As the most successful investor of the 20th century, the senior Buffett had assembled a vast fortune by the time his first son was born in 1954, but never strayed from the lessons learned through his own modest, Midwestern upbringing of self-reliance and frugality.

Citing an example of perhaps a father-son deal gone wrong, Howard G. tells Morgan of a rather odd deal he struck with dad Warren over rent on some land the eldest son wanted to farm. “Actually that was 400 acres that (my son) farms now and the deal was that the rent amount would be based on my weight,” says Howard G.

“Warren what were you thinking?” asks Morgan, continuing, “so, it was literally paid that if you put on weight, the rent went up?”

“Yeah, and I started feeding him candy and pie and all this” notes Warren with a chuckle. “This was not a brilliant moment in parenting.”

None of three Buffett children ever completed college, a fact that doesn’t bother Warren in the least. “I didn't want to go to college myself. My dad talked me into it,” says Warren, who counts the prestigious Wharton School and Columbia Business School among his alma maters. “I think my kids got a wonderful education in public school. They went to the same school that their grandfather did, their mother. ... the inner city school that's been between 20 and 35 percent black for 75 years. They saw the real world and they saw what America is all about, and I think it was a great education,” says Warren, echoing the core values he’s lived his life by despite his immense fortune.

Morgans asks the patricarch how his son and grandson dealt with being born into a family with such tremendous wealth, Warren responds, “They never felt that it was going to be passed on to create some dynasty or something. I always felt that we would live wonderfully, and then the rest will go back to society, and that's been the plan since I was in my 20s.” Warren plans to give the bulk of his fortune to charity.

Watch the clip, and enjoy the full interview at 9pm on CNN.
-
» Follow "Piers Morgan Live" on Twitter
» Follow "Piers Morgan Live" on Instagram

Post by:
Filed under: The Piers Morgan Interview
soundoff (46 Responses)
  1. Love Iden

    Deference to post author, some fantastic information .

    http://www.froleprotrem.com/

    March 24, 2021 at 11:22 am | Report abuse | Reply
  2. Library

    781619 77059This is the fitting blog for anybody who desires to uncover out about this topic. You notice a lot its nearly onerous to argue with you (not that I truly would wantHaHa). You undoubtedly put a brand new spin on a subject thats been written about for years. Nice stuff, basically fantastic! 806969

    April 17, 2021 at 3:10 pm | Report abuse | Reply
  3. 메이저놀이터

    19984 206603I like this website because so significantly utile stuff on here : D. 78016

    April 28, 2021 at 11:58 am | Report abuse | Reply
  4. Urban Nido

    81379 534976Extremely interesting info!Perfect just what I was looking for! 216080

    May 1, 2021 at 8:34 pm | Report abuse | Reply
  5. Terri Piurkowski

    Have you ever heard of second life (sl for short). It is basically a video game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these Second Life websites and blogs

    http://adolit.blogspot.com/2010/02/how-social-media-has-changed-us.html

    May 11, 2021 at 10:15 am | Report abuse | Reply
  6. Patrice Tromley

    This was great! I would like you to clean up all this spam though

    https://www.linkedin.com/in/yusuf-hanafy-82493b183

    May 12, 2021 at 6:13 am | Report abuse | Reply
  7. storno brzinol

    Saved as a favorite, I really like your blog!

    http://www.stornobrzinol.com/

    May 13, 2021 at 4:13 am | Report abuse | Reply
  8. Roselle Wilmeth

    I don't know about you all but I love airplanes. I had a friend in highschool that loves airplanes, so here are some airplane related stuff I don't know about you guys but I love airplanes. I had a friend in highschool that loved airplanes, so here are some airplane related stuff https://www.airlinereporter.com/2010/05/jetblue-at-reagan-why-it-makes-sense/

    http://urlm.co/g/c/f/163871

    May 16, 2021 at 7:05 pm | Report abuse | Reply
  9. Monika Stable

    Have you ever heard of second life (sl for short). It is essentially a online game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these Second Life authors and blogs

    http://prlog.ru/analysis/angelaathomas.com

    May 17, 2021 at 9:14 am | Report abuse | Reply
  10. Georgiann Bessler

    I don't know about you guys but I am obsessed with airplanes. I had a friend in highschool that loves airplanes, so here are some airplane related stuff I don't know about you guys but I love airplanes. I had a friend in highschool that loved airplanes, so here are some airplane related stuff https://www.airlinereporter.com/2010/08/we-do-not-have-all-the-same-body-parts-and-body-scanners-violates-your-privacy/

    http://urlm.co/g/c/f/163870

    May 19, 2021 at 6:15 am | Report abuse | Reply
  11. Werner Dimitroff

    Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these second life authors and blogs

    http://myvedana.blogspot.com/2019/05/water-level.html?m=0

    May 20, 2021 at 5:25 am | Report abuse | Reply
  12. Dino Wangstad

    Have you ever heard of second life (sl for short). It is essentially a video game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these Second Life articles and blogs

    http://internettime.pbworks.com/w/page/20095906/research?revision=64381462

    May 21, 2021 at 3:40 am | Report abuse | Reply
  13. Lecia Parizek

    I don't know about you people but I love airplanes. I have a friend in highschool that loves airplanes, so here are some airplane related stuff I don't know about you guys but I love airplanes. I had a friend in highschool that loved airplanes, so here are some airplane related stuff https://www.airlinereporter.com/2010/10/will-an-airline-ever-charge-per-pound/

    http://www.washingtonbids.us/washington-contractors/naics-712110-Museums.htm

    May 22, 2021 at 3:36 am | Report abuse | Reply
  14. Lara Bulland

    Have you ever heard of second life (sl for short). It is essentially a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these second life authors and blogs

    http://everydayliteracies.blogspot.com/2003/05/details-and-game-playing-new-breed-of.html

    May 23, 2021 at 5:23 am | Report abuse | Reply
  15. Jerrell Nistler

    Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these second life articles and blogs

    http://adolit.blogspot.com/2007/10/past-is-present-again.html

    May 28, 2021 at 6:12 am | Report abuse | Reply
  16. Jeanine Wiggett

    Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these sl authors and blogs

    http://lostbiro.com/blog/?page_i&paged=12

    May 29, 2021 at 6:53 am | Report abuse | Reply
  17. Mika Ghant

    Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you would like to see more you can see these sl articles and blogs

    http://beyondnewhorizons.com/tag/film/

    May 30, 2021 at 7:41 am | Report abuse | Reply
  18. Ronald Drawy

    Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these sl authors and blogs

    http://everydayliteracies.blogspot.com/2006/03/lego-modding-i-just-love-love-love.html

    May 31, 2021 at 6:27 am | Report abuse | Reply
  19. Sachiko Raab

    Have you ever heard of second life (sl for short). It is essentially a video game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these sl websites and blogs

    http://everydayliteracies.blogspot.com/2011/06/literacy-to-die-for-you-have-to-lulz.html?showComment=1308379749599

    June 3, 2021 at 12:53 am | Report abuse | Reply
  20. Dennis Lakatos

    This was great! I would like you to clean up all this spam though

    https://www.linkedin.com/in/yusufhanafy

    June 4, 2021 at 8:54 am | Report abuse | Reply
  21. Rona Semler

    This was awesome! I would like you to clean up all this spam though

    https://www.linkedin.com/in/yusufhanafy

    June 5, 2021 at 3:29 am | Report abuse | Reply
  22. Carmelo Skarphol

    This was awesome! I would like you to clean up all this spam though

    https://www.linkedin.com/in/yusufhanafy

    June 7, 2021 at 11:00 pm | Report abuse | Reply
  23. Raymond Vahena

    This was awesome! I would like you to clean up all this spam though

    https://www.linkedin.com/in/yusufhanafy

    June 11, 2021 at 10:23 am | Report abuse | Reply
  24. ubaTaeCJ

    555

    June 11, 2021 at 11:37 pm | Report abuse | Reply
  25. benefits of proactive customer service

    825960 441818The posh distributed could be described as distinctive; customers are actually yearning for bags is really a Native aspirations. Which strange surroundings is built that is to market diversity furthermore importance with travel and leisure market trends. hotels unique offers 730450

    June 12, 2021 at 6:40 am | Report abuse | Reply
  26. Breanna Vanmetre

    Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these sl websites and blogs

    http://lostbiro.com/blog/?page_i&paged=55

    June 12, 2021 at 3:20 pm | Report abuse | Reply
  27. Nicole Litzau

    Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you would like to see more you can see these sl articles and blogs

    http://everydayliteracies.blogspot.com/2014/05/imagination-wanted-mobile-devices-in.html?showComment=1491703166888

    June 12, 2021 at 7:22 pm | Report abuse | Reply
  28. Rhett Godel

    I don't know about you guys but I love airplanes. I had a friend in highschool that loved airplanes, so here are some airplane related stuff I don't know about you guys but I love airplanes. I had a friend in highschool that loved airplanes, so here are some airplane related stuff https://www.airlinereporter.com/2009/06/sukhoi-superjet-has-paris-airshow-flight/

    http://www.donationto.com/nonprofit-organizations/washington/mukilteo/future-of-flight-foundation

    June 13, 2021 at 1:52 am | Report abuse | Reply
  29. Daniele Bigsby

    I don't know about you guys but I love airplanes. I had a friend in highschool that loves airplanes, so here are some airplane related stuff I don't know about you guys but I love airplanes. I had a friend in highschool that loved airplanes, so here are some airplane related stuff https://www.airlinereporter.com/2011/03/photo-of-airbus-a350-xwb-first-landing-gear-installed/

    http://everydayliteracies.blogspot.com/2005/12/design-art-of-design-has-always-been.html?m=0

    June 13, 2021 at 8:16 pm | Report abuse | Reply
  30. Margret Mantyla

    Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these second life articles and blogs

    http://digitalbeginnings.blogspot.com/2008/12/virtual-literacy-ethnography.html

    June 14, 2021 at 7:44 pm | Report abuse | Reply
  31. Laquita Grabarczyk

    Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these sl websites and blogs

    http://everydayliteracies.blogspot.com/2014/08/farewell-to-jack-shallcrass-splendid.html?showComment=1508128634616

    June 15, 2021 at 6:39 am | Report abuse | Reply
  32. 1

    555

    June 15, 2021 at 8:14 am | Report abuse | Reply
  33. MYeNFr32') OR 797=(SELECT 797 FROM PG_SLEEP(12))--

    555

    June 15, 2021 at 8:17 am | Report abuse | Reply
  34. 1

    (select(0)from(select(sleep(12)))v)/*'+(select(0)from(select(sleep(12)))v)+'"+(select(0)from(select(sleep(12)))v)+"*/

    June 15, 2021 at 8:18 am | Report abuse | Reply
  35. 1

    ujjiiIBI'; waitfor delay '0:0:12' -

    June 15, 2021 at 8:18 am | Report abuse | Reply
  36. 1

    -5) OR 363=(SELECT 363 FROM PG_SLEEP(12))–

    June 15, 2021 at 8:18 am | Report abuse | Reply
  37. Katia Ryea

    Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these second life authors and blogs

    http://everydayliteracies.blogspot.com/2011/08/?m=0

    June 18, 2021 at 10:40 am | Report abuse | Reply
  38. Peter Willes

    Have you ever heard of second life (sl for short). It is basically a video game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these sl authors and blogs

    http://everydayliteracies.blogspot.com/2017/04/spanish-language-edition-of-of-new.html?showComment=1576109963524

    June 21, 2021 at 8:05 pm | Report abuse | Reply
  39. Christian Mezquita

    Im based in London have worked as a secretary for more than 10 years and have an HND in Business Studies but am tired of admin work and office politics and would like to do something more creative- change careers.. . I write in my spare time and have attended an advanced writing course for the past 3 years and am writing a novel. I would like to see if I could train to teach creative writing in further education colleges etc or and English /English literature. I would also be grateful if I could get any info on what qualifications you need to be able to teach English as a first language and Basic literacy skills and ESOL..

    https://twitter.com/katekdesigns

    June 23, 2021 at 11:19 am | Report abuse | Reply
  40. Gwyn Martnez

    My website is on a remote server, I have copied all the files from their remote host server. How do I now configure MAMP to see this as a local copy of wordpress so I can edit it and try out different themes. . Please help. I am pulling my hair out!.

    https://www.linkedin.com/in/kmkowalsky/

    June 25, 2021 at 10:34 am | Report abuse | Reply

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.