I've fallen into the habit lately of watching Nightly Business Report on PBS. Berkshire Hathaway's annual meeting is coming up, and NBR is running a series on the children of Warren Buffett. Tonight, the first night of the series, was about Howard Buffett, whom Warren has chosen to be his successor, and who splits his time between a farm in Central Illinois and running a foundation.
Unfortunately, NBR doesn't appear to be posting the videos of the interviews online. Howard seemed to me to be down-to-earth, kind, and above all, honest. It was fascinating to hear his take on his father. Warren was, Howard said, "always thrifty" and gave Howard an allowance of about a quarter, in return for cleaning the gutters and taking out the trash.
When Susie Gharib (who graduated from CWRU!) asked how it was that money, which usually tears a family apart, hadn't done so to the Buffetts.
"I would never sue my sister," he said. "Because she would win."
I was most interested to learn that money was not what drives Warren Buffett. Instead, his middle-child said, it is the challenge of finding and doing good deals and working with good people. And, Howard said, Warren believes that the most important thing is to be honest with people and to treat people fairly.
Tuesday, April 29, 2008
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4 comments:
Hi Lisa. I'm glad to know you are enjoying "Meet The Buffetts" on Nightly Business Report. Please note that we are adding the video to the web site after it airs -- you can see the interview with Howard now, and Susie and Peter's interviews will be added later today and tomorrow, respectively. To see them, go to http://www.pbs.org/nbr/site/features/special/meet-the-buffetts_home/ and click the image with the play button.
Best --
Lynne Tierney
Consulting Director, New Media
Nightly Business Report
Lynne, Thank you so much. I have plans for tonight, and was sad that I would be missing Peter's interview. I'm so glad to hear I can watch it when I get home.
And, I really appreciate NBR; it's a very well-done show and I enjoy watching it.
Me too. I tivo NBR and watch it when I get home.
Another reason Katherine is awesome: we have the same taste in business news.
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