Posted on 09/07/2006 12:16:24 PM PDT by shrinkermd
September 7, 2006 -- AN infuriated Warren Buffett has renounced one of his granddaughters - telling her she is no longer his relative "legally or emotionally" because she took part in a documentary about the lives of the very rich.
Nicole Buffett, the adopted daughter of Buffett's son Peter and biological daughter of Peter's ex-wife Mary, was featured in Jamie Johnson and Nick Kurzon's documentary, "The One Percent," which debuted at the Tribeca Film Festival this year and is a follow-up to Johnson's "Born Rich."
Enraged that Nicole not only participated in the documentary, but also plugged it on National Public Radio and "Oprah," Buffett wrote Nicole an "angry letter" two weeks ago telling her she was no longer part of his life, a source tells Page Six.
(Excerpt) Read more at nypost.com ...
FR search results..takes a few seconds
"Name one person with such a background that didn't turn out to be an oxygen thief?"
Red Ted Turner's five kids turned out okay, and he shared the wealth with them. I think his oldest son lost money in some ventures, but none of them are party animals or wastrels as far as I know. Jacqueline Kennedy's two kids turned out okay as well, although her son was a little too reckless as we know. Lots of rich/trust fund kids do fine. You don't necessarily hear about them because they aren't in the tabloids or police blotters. They are living responsible, productive lives. Nothing is wrong with being a rich kid and assuming the mantle of philanthropist parents at the proper time.
I remember it well.
He thinks our property taxes in CA are too low compared to Nebraska.
So where's the granddaughter's biological daddy? I guess that doesn't matter, huh?
No matter what a thousand New Age gurus might tell you, there is no such thing as "unconditional" love, or, as the humanist psychobabblers put it, "unconditional positive regard." Everybody places some sorts of expectations and requirements on friends, spouses, children. If you don't do this, you become a doormat. And being a loving father (or grandfather) is not the same as being an endlessly indulgent sugar daddy. Even God Himself makes demands on us and nobody will ever love you like He does.
Three of us are quite involved (especially me, since I live in the same town!), but one brother, 150 miles away, has virtually removed himself from the family once the "dollar situation" became known.
I saw the Oprah show with Buffett's granddaughter. She works for a family as their housekeeper. She said that Buffett paid for the kids education. When asked how she felt about not inheriting from her grandfather, she tried to be nice about it. She was asked if it bothered her, or something to that effect, she said something about an emotional level that it did, that they could also do good with the money. Ah, and when Oprah asked if she ever asked her grandfather for money she said she did for class trips, but he'd turn her down because then he felt he'd have to do it for all the kids. Sounds to me like Buffett is pretty cheap with his family. Well, at least he sees the wisdom in paying for their education.
Would that include all the shareholders in Berkshire-Hathaway?
It sounds like dementia is starting.
How many of us reflect on how many times our parents cleaned us up and diapered us, how many meals they fed us, how many bills they paid for us during the many years we could not provide for ourselves?
During my mother's last few years, my sister and I spent increasingly greater time seeing to her needs. It was actually a pleasure to "work off our debt" to her, by cooking her lots of great meals and tending to other needs that she could no longer manage. Let's face it, Ern -- some people have gratitude and loyalty and some don't.
As far as socialistic thinking...you couldn't be more wrong...I personally saw my friends die in senseless accidents along with getting into senseless messes all due to that upbringing. The one's that survived those yrs...well it's not been a happy life for them.
Now if you happen to be one of those kids and have had a great life...PTL for that.
Here's the problem:
Warren Buffett has more money than anyone knows what to do with. $40 billion.
I read an article and I think one of his sons is a farmer.
Why isnt he at least like some founders and let the kids help run the company?
The idea that he is doing some "good" with the money by handing it over to a destructive liberal-agenda Foundation that will spending billions to cause the rot of our civilization ... while it is "bad" to "spoil" the family by setting them up comfortably, ... well, that's nuts. Charity begins at home as they say.
"Bitter old man ..."
I wonder what his problem is? I feel sorry for his new bride. No amount of security can be worth putting up with an old, nasty coot. And to think, it's her first marriage.
It sounds like something an atheist would so.
There's probably no better way to ruin relationships within a family than by having multiple people involved in a major "family" business.
Indeed. I consider it an honor. It's just a fact of life that our parents can well become our children.
The Gates Foundation (funded by Warren) has recently been into purchasing newspapers and other media outlets.
So much for the big fight on AIDS.
I like Warren Buffett less everytime I hear more about him. Of course Mr. Buffett will be very upset to hear of my opinion.
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