Children should be “poor” or “rich”? Warren Buffett, the God of Stocks: It’s better to raise rich and poor than to raise them with experience!

2bebetter
7 min readDec 13, 2020

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Warren Buffett is not only one of the most successful investors in the world but has also successfully raised his three children.

His eldest daughter, Susan, became a fund manager, his second son, Howard, worked to solve the problem of global famine, and his youngest son, Peter, became the winner of numerous awards.

Each of the children lived the way they wanted to live and became great at what they do best.

To this day
Warren Buffett’s business fortune and his children’s educational values have had a profound impact on me.
I have been inspired by them.

1.Work is the highest reward
Warren Buffett has worked tirelessly throughout his life.
For him, work is not a task but a reward.
Through his work, he realized his self-worth and
He has made the most of his talents for the benefit of society as a whole.
His successful investment experience and philosophy have become a treasure in the history of the stock market, benefiting future generations.
It is the reverence for work that makes Warren Buffett a great man and a joy to be around.
What is really important about work is that
We need to find our own passions and let them shine.
and let it shine and heat up.
Finally, the sun is hot.
This requires that when we are looking for a job
We must find what we really like.
Because the interest will make you ignore the gains and losses
And give full play to your passion.
Because only you know how happy it is to do it.
Also, we must be conscious of the fact that work is our active choice.
It is for our own sake.
The reward of work depends on the value of your contribution.

We should treat our work as a learning experience and keep trying and improving.
The company gives us the platform and the cost of trial and error.
It is also the work that saves us from the mediocrity of life.
It makes our society orderly.
Let us be successful in the end.
So, reverence for work.
It is what gives us the highest reward in life.

2.Independent thinking, insist on being yourself
Warren Buffett’s achievements today are remarkable.
Warren Buffett’s ability to think independently is a major contributor to his success.
From independent thinking and experimentation in business at an early age
As a young man, he became interested in investing.
He learned a lot about stocks and joined his father’s company to
He joined his father’s company and recommended value-added stocks to his clients.
Eventually, through his own experience and judgment, he
Finally, through his own experience and judgment, he summarized the stock investment theory — value investment.
Through his own experience and judgment, he finally summarized the theory of stock investment — value investment — and practiced it for the rest of his life, achieving seven world-famous classic investments.
Independent thinking sounds simple, but it’s hard to do.
In fact, it is quite difficult to do.
Only child spoiling and fill the duck education of the contemporary
The majority of people in society lack the ability to think independently.
Not that we are not willing to think independently.
The real fact is that we are not able to think independently.
It is not that we are not willing to think independently, the real fact is that we cannot think independently, we are more like programmed to do so.
We are more like programs set up to honestly carry out the instructions of where we are.
But after all, we are advanced animals with independent consciousness.
When the world is changing, we need to keep up with the times.
Being able to think independently can help us to have self-awareness and
The ability to think independently will help us to have self-awareness and creative thinking.

3.How to have the ability to think independently?
The first step is to start taking away your mental height.
Don’t set limitations for yourself.
Believe that you are capable of doing anything.
Learn to think more and learn more from the experience.
The second step is not to be blocked by authority.
Whether it’s the authority of experts or the authority of power.
We must have a skeptical attitude.
Think more, and think more.
There is no perfect law, there are always its applicable boundaries.
The third step is to continuously improve their ability to think independently.
Normally, we should learn to observe and think more.
More questions to verify, more practice to correct mistakes.
Then constantly to self-reflection and management.

4.Parents are the best teachers for their children
What makes great people great
The most important thing is that they can pass on their spiritual and material finances.
This is the ultimate reason why it is so difficult to cross the hierarchy.
That is the profound meaning of the Matthew effect.
With its cruel fatalism.
It is also a sign of resilience to fate.
Warren Buffett, while being a good professional
Buffett has not forgotten his great responsibility as a father.
He has led by example
He passed on the best qualities of life and work to his children
At the same time, he focuses on developing their hobbies and independent thinking skills, respecting their choices
He respects their choices and provides timely guidance and assistance.

In the end, we succeeded in nurturing three children so that they found the value of life and benefited from it for the rest of their lives.
When we truly realize that children are independent individuals
Only then do we become qualified to be a teacher of our children.

In the process of growing up, children
More often than not, they learn by imitation.
Parents are the closest to them.
Many of the things children learn are the result of their parents’ teaching by example.
When you want your child to organize their learning reasonably, and not to indulge in fun.
Adults must set a good example and
Learn to respect and proper guidance.

5.Warren Buffett’s most precious asset to his children
Not money, but…

Every position we have has a qualification requirement for employment.
But as parents, we don’t.
Children have no choice but to be children.
That’s why adults should be more careful with their children.
Warren Buffett also has a very good approach to the education of his children.
Warren Buffett said.

If you give them enough money, let them do whatever they want, they will be left to do nothing for the rest of their lives.
And what I can leave them
It will be more valuable than any wealth — my life’s experience.
In times of trouble for my children

Warren Buffett uses his experience and wisdom to help guide his children when they are in trouble.
He often tells short stories to teach his children something.
Through the story to let the children understand some truth.
Someone has summarized the letters of Warren Buffett for his children to solve problems and teach them the way.
Warren Buffett’s advice to his daughter’s life”, the book.
There are 56 pieces of advice in the book.
The book contains 56 pieces of advice, which include advice on people, life, character, career, wealth, and so on.

In the book, there is this passage: “An American reporter interviewed Warren Buffett.
An American reporter once interviewed Warren Buffett and asked.
“You have given away most of your wealth.
What will you leave to your children?
Warren Buffett replied.
“I have given my children the most precious fortune.
He confessed.
Billions of dollars don’t bring much power and growth.
Instead, it saps one’s passion and ideals.
In a sense
Money is just a string of meaningless numbers.
Only an optimistic, confident, courageous, and hard-thinking character can reap happiness and rich life.
This is not just a family book.
It is also a book of wisdom
It is full of philosophy of life everywhere.

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