Warren Buffett on Love

I admire Warren Buffett, not because of his wealth, but because of his lack of pretention. He doesn't believe that giving money to his kids equates with giving them love. He wanted them to carve out their own path.He believed that 'setting them up with unlimited wealth is harmful and an anti-social act.'

His decision to donate nearly $37 billion to the Gates Foundation may have shocked the world, but it came as no surprise to his three children, whom he'd consulted first. 

A few years ago, his children, Susan, Howard and Peter said they supported their father's decision not to leave all his money to them. http://abcnews.go.com/print?id=2133209

"The truth is it would be insane to leave us that much money," said Susan Buffett. "

Buffett gave about $1 billion total to his children's three charitable foundations: the Susan A. Buffett Foundation, which focuses on early education for children of low-income families; the Howard G. Buffett Foundation, which has helped 42 countries; and the Novo Foundation, Peter Buffett's organization for democracy.

Each Buffett sibling also recently received a letter from their father in which he wrote: "I consider myself lucky to have three children who want to spend much of their time and energy working on projects that will benefit others. I am proud of what you are doing and your mother would be proud as well. Love, Dad." 

That's love, Buffett style.